Nike, Inc. is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. The company has a great history and is one of the most recognizable brands in the world.
Since the price reached an all-time high in November 2021 the stock tumbled more than 50 %
Possible short-term buy in the price channel.
Re-test of the support level of $80 is expected and, that will provide a better risk-reward ratio for the bulls with a target of the $ 100 resistance
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Since the price reached an all-time high in November 2021 the stock tumbled more than 50 %
Possible short-term buy in the price channel.
Re-test of the support level of $80 is expected and, that will provide a better risk-reward ratio for the bulls with a target of the $ 100 resistance
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.