NikeShort
NKE: Bad ER reception
Updated
Bad ER reception on 24th of September.
Stock gapped down.
Expecting a drift down in the next 1-2 weeks as
longs cover and funds unload their positions.
Stock is also currently not making new highs
and trading below its 50 day SMA
Stock gapped down.
Expecting a drift down in the next 1-2 weeks as
longs cover and funds unload their positions.
Stock is also currently not making new highs
and trading below its 50 day SMA
Note
My trading strategy has evolved since this. Even if i made some money with this trade i would never short a stock that's in a uptrend.
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