Nike Inc (NKE) - Long Setup Idea

Wait 5 sec.

Nike Inc (NKE) - Long Setup IdeaNike, Inc.BATS:NKEAbdulelah95📈 Entry: 71.25 🔻 Stop Loss (SL): 52.28 🎯 Target 1 (TP1): 123.39 (+85.41%) 🎯 Target 2 (TP2): 179.10 (+169.39%) Analysis: Nike is forming a potential long-term reversal pattern on the monthly timeframe, showing accumulation after a prolonged downtrend. A break above the current consolidation zone could trigger a strong bullish wave toward previous resistance levels around $123 and $179. This setup targets a multi-month swing opportunity for patient investors and position traders. ⚠️ Disclaimer: This analysis is based purely on technical observation and does not consider the company’s financial or fundamental factors. Trading involves risk — manage your position size and follow your stop loss.