ASSET NAME: NIKE
We report this strategy for NIKE (NYSE) with expected entry dates 10/10/2024 and exit 05/12/2024. Follow the trend as the entry into the trade period approaches. The 5 and 15 year averages have a similar chart, with a trading period of almost 2 months.
Backtesting with 15 years of history, the trades based on the closed of the entry/exit dates gave a result of 15 Wins, with good results and excellents Best especially in the last 3 years. Always check the volatility of the stock to make sure it is acceptable for you.
The 2022 trend has some correlations with the current one, with a clearly visible difference in the last month.
Conclusion
We always recommend you follow the evolution of the trend, its corrections or inversions that could give different indications than those we expect. Pay attention by checking the behavior of prices in the period preceding the entry date.
Notes
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Disclaimer
Past results and strategies published on Sayseason are provided for informational purposes only and are therefore not indicative and do not guarantee future results.
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