Nike(NKE) ... Time to leave the blocks ??
מעודכן
Nike (NKE) is worth watching for signs of (price) fatigue.
Two potential Harmonic bearish butterflies are forming.
One on the price and the other on the 14 day RSI.
The RSI matches a level of early January '23 when it rolled over before the price, creating a negative divergence condition
I will monitor and advise of any position taken.
Ideally I'd like to sell/cover in the $120 area and with a 80 RSI.
DYOD and pay attention to broader markets.
S
Two potential Harmonic bearish butterflies are forming.
One on the price and the other on the 14 day RSI.
The RSI matches a level of early January '23 when it rolled over before the price, creating a negative divergence condition
I will monitor and advise of any position taken.
Ideally I'd like to sell/cover in the $120 area and with a 80 RSI.
DYOD and pay attention to broader markets.
S
הערה
As this market has a bid I am raising my suggested sell area to $122...הערה
Short at $122 this amעסקה סגורה: הגיע לסטופ
Covered at just under $123.. still watching will reenter on broad market selloff and indicator rolloverהערה
Vindicated !!
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