NKE Key Break
Multi-year Channel Breaking key area at $120 last time this broke we were in a recession and then Covid hit.
A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be
different? Do we need a recession for stocks to drop? I will answer these questions in the next video.
A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be
different? Do we need a recession for stocks to drop? I will answer these questions in the next video.
Note
Still bearishNote
Nothing has changed. Still bearish after a year plus. Note
Another great call!Note
BAM! Another great call! Now down -38% Since I made the call.MAGIC!
Trade active
it has been six months since my last update and the situation looks grim for NKE
We now have a Big Ars H&S pattern and the company has lost over 57% of its total value.
I believe NKE will likely lose 2/3 of its value or more when (not IF) we hit a recession and its all said and done.
I would not initiate any short position here. However, those who are trapped in a bad trade and smoking
the HCP (Hopium Crack pipe) be ready for more losses.
Those who are trying to bottom pick I believe you will have much better opportunities to look elsewhere.
If the stocks collapses 75% or more then you could start to build a position if you like it so much.
Real Macro Economic Investing
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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.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
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.