Sunday, June 29, 2014

Nike and the world cup

Nike (NKE) weekly chart ;
The main trend is broken ! Focus on that particular trend, and do not attempt to see trends everywhere, it connects the low, to the highest low, prior to the highest high.
Last weekly candle shows a bearish reversal
Triple top pattern ?
Gut feelings? Good news from the world cup priced in, expecting a sideway move, then heading lower.
Not a short candidate! Fundamentals are still ok

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