Aug. 4 at 1:12 PM
$NKE
Right now
$NKE is super compressed and a bullish reaction is due any moment now.
With an open gap on the monthly chart waiting at
$50, I personally believe that the bottom is in and the past shows
$NKE has had support in this area.
Should this trading pattern be broken then it will look ugly for
$NKE and I see the stock going back to
$20 which I find very hard to believe but hey I guess this is the stock market.
Losing 75% of its market cap in 5 years is a huge over correction and personally I have loaded up on this stock.
All the info and specific price targets / resistances / supports are in the video.
(NFA)
https://youtu.be/0y3XZ9OeGMc