Simple S/R Strategy: Trade #2 - NKE

14 Eki 2017

I've been watching NKE interact with this strong support for a week or so. I watched the Tweezer Bottom occur and thought it was going to be the reversal...fortunately I took that trade with Paper Money.

I believe the two Hammer candles that are now present might be the true reversal, so I'm taking a shot.

Limit buy to protect against a continuation pattern.

Tight stop because if this is the true reversal, we shouldn't move any lower.

30 Eki 2017

İşlem aktif

NKE has been moving in my favor since I bought in! Take Profit was just a few cents away from being reached on the 26th...I believe this one has a lot more juice left in it so I've decided to adjust Take Profits to half at $57.40 and half at $60.

30 Eki 2017

İşlem elle kapatılmış

NKE gapped down slightly again today so I decided to lock in my 3R profit here and move on.