Nike Trading Analysis (19/09/2025)
The trend is up. The stock is trading within the 365-135 EMA range. The downward inner wave structure has been truncated. There is bullish divergence on the Awesome Oscillator, as well as a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure when wave A breaks the sloping channel of the truncated descending structure.
- Stop-loss at 71.49.
- Price targets are 74.50 and 79.00.
#nike #stock #tradersroom #daytradingpatterns #forexexpertadvisor
