LeLaf
Short

NKE ascending wedge may lead to reversal

NYSE:NKE   NIKE INC
32 8 0
If we break the C-D line, may turn this uptrend into a downtrend. Waiting for confirmation.
Morning Star Doji today. Not really after a down trend but still. Could mean a continuation in the uptrend. Might finally be tempted to go long.
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Hit the stop and covered for a loss! Win some, lose some.
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Bullish engulfing. May have to cover this on monday if still on this up trend.
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Not time to leave yet. Still in the profitable zone.
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Up today so far with a bearish engulfing candle. If it confirms tomorrow, may have to leave this position for now. Waiting.
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Still down EOD but the gap tells me it could rebound up nest week to close it. We will have to wait next weer to know.
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Broke line C-D this morning. Not confirmed yet.
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Also, there's a bearinsh engulfing candle patern monday and tuesday. Not confirmed yet. But if it does confirm, may help break the C-D line resistance and reverse the current trend.
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