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Nike to Drop in Price Until Near August

NYSE:NKE   Nike, Inc
Good Day To The Investing World

As shown in this simple analysis, judging from the previous few months of Nike's recorded performance, we can expect a drop in price on Nike's stocks.

This is a similar case for rival Adidas, who has dropped 29% in the past half year. Despite the lockdown era coming to an end, it's only one or the other that will eventually make the line point to the sky.

However, as the price falls, the trend rises. Therefore, the rise in trend will mean that eventually, as stated in the title, Nike may start rising again.
Comment: Good Day To The Investing World

Recently, I have got word that the footwear industry is about to boom, so therefore,

Bearish > Bullish
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