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Aug 4, 2017 8:53 AM

NKE 1H short Short

Nike, Inc.NYSE

Description

NKE is in an uptrend (EMA200 rising on the 1H chart) but there are multiple bearish jeddingen divergences (price vs. momentum), MACD crossed the signal-line and RSI is recovering from overbought levels - all these are indications that the price might fall a bit, before it's rising again.
Profit target is $58.83 (around the weekly pivot)

Trade closed: target reached

Almost forgot this one ... target reached!
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