NKE - Chart Link- bungie bounce mean reversion
setup from yesterday, technically triggered long this morning on
the break of yesterday's highs, stops should not be in place
Main target is getting back to the 9 EMA, first target would be
the 5 EMA
these type of setups are not swing trades, you are simply
looking for a mean reversion bounce back to the mean. These
can last 1 to a few days
Posted by DigiNomad on 11th of Jul 2024 at 10:47 am
NKE - if you don't mind being long a few dollars lower than
yesterday's closing price, a CCI bungie setup is a decent "risk
reversal" play. I sold puts to finance calls in order to give
myself an almost "free" shot to the upside. Free is in quotes
because if it goes down to 70, I'll be long NKE.
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NKE CCI bungie bounce setup
Posted by matt on 10th of Jul 2024 at 07:31 pm
NKE - Chart Link notice the CCI large spike down and diverence - trigger is 1 penny over today's highs, stop at low
Update: NKE CCI bungie bounce setup
Posted by matt on 11th of Jul 2024 at 10:49 am
NKE - Chart Link- almost tagged the 5 EMA today
easy trade so far, I like these because they are so mechnical, you know your exact triggger and stop, and target areas you are looking for
Update: Update: NKE CCI bungie bounce setup
Posted by matt on 11th of Jul 2024 at 12:07 pm
NKE - Chart Link- nice pullback from the 5 EMA, that's why I always lock in some profits there
Update: NKE CCI bungie bounce setup
Posted by matt on 11th of Jul 2024 at 09:50 am
NKE - Chart Link- bungie bounce mean reversion setup from yesterday, technically triggered long this morning on the break of yesterday's highs, stops should not be in place
Main target is getting back to the 9 EMA, first target would be the 5 EMA
these type of setups are not swing trades, you are simply looking for a mean reversion bounce back to the mean. These can last 1 to a few days
Thanks, Matt, for the excellent
Posted by tradeit007 on 11th of Jul 2024 at 10:16 am
Thanks, Matt, for the excellent NKE call! I'm in early.
NKE - if you don't
Posted by DigiNomad on 11th of Jul 2024 at 10:47 am
NKE - if you don't mind being long a few dollars lower than yesterday's closing price, a CCI bungie setup is a decent "risk reversal" play. I sold puts to finance calls in order to give myself an almost "free" shot to the upside. Free is in quotes because if it goes down to 70, I'll be long NKE.