The rise in Nike stock prices is not over yet

After Nike's stock price soared, the uptrend did not stop. The price began to move more evenly and formed a new historical maximum. And the price is approaching this level for the third time. From the point of view of technical analysis, a flag pattern can be observed on the chart. This chart of technical analysis is a trend continuation pattern. The MACD indicator is above the zero levels, the price is well above the 200 simple average. These indicators indicate a growing trend. We recommend opening a long position as soon as the price breaks the new historical level. Judging by the growth dynamics, the Take Profit order can be placed at the level of 162.50 or higher.

Symbol: NIKE
Order Type: Pending Order - Sell Stop
Entry Price at 161.00
Take Profit at 162.50
Pips Earning: 150

The result of a trade recommendation. The price reached the Take Profit level in a few days.