Short

First time since 1980's

For the first time since the 1980's Nike's 100 day moving average has crossed below the 200 day moving average. to add to this, Nike has been struggling to get back to its ATH. if you notice the down trending pattern, investor interest is lack luster at best. Furthermore, if yo look back at the data, from 1982 to 1984 the pattern seems similar to right before the stock split. may not have any relevance but I have known history to repeat itself. I will post in the comments what I am looking at. overall this does seem to be a good shorting area with targets closer to the mid to low $70. A stretch? We shall see
https://cdn.discordapp.com/attachments/740626635690344468/1247006799073116241/image.png?ex=665e7515&is=665d2395&hm=547a2fdc30b14ee4a6de97feb154c804093f46ff9b348d8ae247fd623d20a1d6&

Note

Hit a low of 70.44 and has retraced. i my idea they may have fixed what they needed I would remain at $80 till they do something impressive with there marketing.... get some nike dress shoes or something and bring those out... that would catch my eye... advertise business nike dress shoes

Note

Dress shoes I can comfortable run in at moments notice.... some 007 style

Bmmcoo009

Also on:

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.

Bmmcoo009

Also on: