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financialfreedomgoals101
Sep 6, 2022 8:57 AM

NIKE: Continuation of Bearish Movement Ahead, Short Opportunity? Short

Nike, Inc.NYSE

Description

Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook of NIKE!

NIKE has broken out of Ascending Broadening Wedge. Furthermore, The MACD indicator created a Death cross, indicating potential bearish movement ahead.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/Resistance area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Stock"

Trade active

Comment

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Trade closed: target reached

Done Target 1, See you on target 2?

Trade closed: target reached

Done Target 2 Fellas!
Comments
YellowRaincoat
Nice call, I'm still bullish long term though.
financialfreedomgoals101
@YellowRaincoat, good luck on your trade then :D
rp227
excellent work !
financialfreedomgoals101
@rp227, thank you Bro!
BTCElectrician
Solid chart and trade. Grats mang.
financialfreedomgoals101
@Velardecollin, Glad to hear it bro!
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