Nike Trading Analysis (25/09/2025)
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 and a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the ascending wave structure formation when wave A breaks the sloping channel of the truncated descending structure.
- Stop-loss at 70.38.
- Price targets are 74.00 and 79.00.
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