lowtrade

[lowtrade]

NKE something I missed in last post.

Just finished watching a movie and before bed checked the board. reread my post an noticed I forgot something that aids choosing ones long term stop loss level.

That's using the Parabolic SAR overlay, instead of the BBands. The SAR offers a technical indicator point, very reasonable for stop losses. because during trend, price usually moves to SAR's price point levels. More then SAR's points move to price.

Meaning if you use a stop loss rather then a trailing stop. You can and should adjust your stop point daily with each days SAR adjustment.

Right now NKE's SAR stop loss point is at $88.18 just below the small common gap below. Great place for a stop taking into account for daily price flux. Helps with getting stopped out on a fake break of the $90.50 stop I kept mentioning.

http://stockcharts.com/h-sc/ui?s=NKE&p=D&yr=0&mn=3&dy=0&id=p61486781829