Nike (NKE)
Hey there,
Today’s Chart of the Week comes from our premium monthly conference call for All Star Charts members.
We’re looking at Nike (NKE).
It’s breaking out, and I think it’s ready for the next leg higher.
After a failed move last week, it’s ready to rip.
We are LONG Nike if the stock is above $131.
Below that, we are just watching, but once NKE is above $131 I love this stock with 50 points of upside, targeting $181.
That’s as good a risk reward ratio as we can hope for.
Til next week, good trading,
JC Parets
P.S. If you didn’t get a chance to join us live, check out the replay from last week’s live Charting Room session.
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