NikeShort
Ready for tomorrow? NKE prediction for the next few days
This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend.
There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July.
The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend.
There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July.
The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.