DKS may be under resistance pressure to the lower
DKS is under pressure with more stores opening and severely lower revenues from sales. Stores are opening in markets that are depressed. This will cause a significant run at the cash on hand and could cause a failure.
I shorted in March to May and now April to June.
10 contracts to the lower in anticipation of week financials for q-1.
I am short at 10 calls at 23.00 with a bollinger lower level 18.00.
Resistance is at 200DMA on the monthly. Looking lower to me.
I shorted in March to May and now April to June.
10 contracts to the lower in anticipation of week financials for q-1.
I am short at 10 calls at 23.00 with a bollinger lower level 18.00.
Resistance is at 200DMA on the monthly. Looking lower to me.
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