Long Nike on a defined risk level
Double bottom forming on possible bottom. Fundamentals are changing with new CEO.
Huge down trend for over a few years, so it's a low win rate set up for a long but there's a defined level to try.
Minimum risk here. Will add on bullish consolidation
Huge down trend for over a few years, so it's a low win rate set up for a long but there's a defined level to try.
Minimum risk here. Will add on bullish consolidation
Trade active
Good rally for now. But trade war is now triggered. Nike manufactures a large portion of its footwear and apparel in China. If Trump imposes higher tariffs on Chinese-made goods, Nike may face increased costs when importing products to the U.S.
Keeping the trade as it is and see how the bull defends.
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