CFD Trading –Buy Nike Inc. (NKE.NYS) @ $122.60. Stop @ $118.30 and Target @ $131.00.

Nike Inc. Stock Code NKE.NYS

Outlook

Price managed to stay above the cloud during a recent price correction, keeping the uptrend intact. In the previous trading session, price broke above the cloud, hinting at a resumption of the previous bullish price trend. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD had a bullish crossover and is hinting at a bullish price trend. If price can stay above the cloud, it could be heading towards the resistance at $131.00.

Strategy                  

$122.60              Buy

$131.00              Price Target

$118.30              Risk Management Stop

3 weeks              Trade Duration

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