proofofjay

Nike Short (Daily)

Short
Nike (NYSE:NKE)  
proofofjay Updated   
NYSE:NKE   Nike
Stoch RSI well oversold, looking to bearish cross
Reached .5 fib retracement as well as near top of bband
Volume not convincing, but not "bad" either

Expecting slight move upward to ~$79 before retracement to ~$75, and possibly further down to bullish OB @~$72.50
Trade closed: target reached:
Target reached :)
On the money + some. Beautiful.
Expecting a bounce here after ranging in OB for few days
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