TRADING TIPS

NKE Next Targets

Hubert Senters here. Let’s take a look at Nike, NKE. One of the biggest net gainers in The Dow today. Had a nice little gap up. Looking like it’s taking market share away from Adidas which is interesting. So where’s the next place it’s going to go? This is going to be pretty simple to figure out because of the video that we did earlier I was showing you it’s pretty simple. The one, there we’re going to go two and then we’re going to go three. I’m going to use my Fibonacci tool built into TradeStation to do that same exercise there and I’m going to be using the Fibonacci price extension lines. Now, I’m going to go one, two, and then three. So initial target will be $83.14 than $85.61 $88.07 and $89.15 obviously use a stop-loss on anything. Protect yourself at all time. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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