Trading the Post
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Wall St. JesusSang Lucci
February 18, 2022
February 23, 2022

$NKE – How to Spot & Evaluate Swing Trades

Ron analyzed the spot $NKE was trading in during the members-only webinar as a potential swing candidate.

In developing a potential trade, Ron determines a few key factors as an entry criteria and the point at which the trade must be managed.

  • RSI & CCI do not provide too much additional evidence to the trade but do not discredit the idea
  • Earnings were over one month away in December, which offers plenty of time for the trade to develop
  • Within the last week, there has been Sweeper Activity showing sizable call buyers coming in to purchase $NKE contracts
  • The 21 Day Exponential Moving Average acts as the point to cut the trade if that level breaks
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