Nike - Short It
Short term pull back:
Technicals
-Having a hard time finding momentum to newer highs
- Buyers located around $97 might stop at $115
-Gap fill available
-Buy the rumor; Sell the News....always
Opinionmentals:
-DJI going through a healthy correction overall
-Over-valued in general
-Competitors slowly eating away at market share (Lulu lemon/adidas/underArmor.... arguable point)
-Decline in North American Revenue
- Portfolio managers looking for market weakness and want to take some money off table possibly.
Not Financial advise; I'm a contrarian at heart.
Technicals
-Having a hard time finding momentum to newer highs
- Buyers located around $97 might stop at $115
-Gap fill available
-Buy the rumor; Sell the News....always
Opinionmentals:
-DJI going through a healthy correction overall
-Over-valued in general
-Competitors slowly eating away at market share (Lulu lemon/adidas/underArmor.... arguable point)
-Decline in North American Revenue
- Portfolio managers looking for market weakness and want to take some money off table possibly.
Not Financial advise; I'm a contrarian at heart.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.