Watch this analysis carefully and then think logically and then agree with me. Missing an entry means nothing. If you know how to trade you can fin multiple trades. Don't forget to follow me here on trading view.
Nike is being downgraded. It made a big bounce with high volume yesterday so that smart traders can sell the paper to new entrants - usual dead cat bounce -. The stock is already getting back consistently today. I do not know where the price will go, but it will be easier to see it in the 80s than in the 130 or 140s. Fundamentals are not good at all
TwoTradesaDay
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Still holding Nke my avg is around 107, will sell it tomorrow if prices are around 112-113sh, up about 7 dollars thanks to chaartist great call. Best regards
THECHAARTIST
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@TwoTradesaDay not a problem ..enjoy trades only n only with SL
It made a big bounce with high volume yesterday so that smart traders can sell the paper to new entrants - usual dead cat bounce -. The stock is already getting back consistently today.
I do not know where the price will go, but it will be easier to see it in the 80s than in the 130 or 140s. Fundamentals are not good at all