Nightmare over for NIKE?
"Nightmare over for NIKE?
in the news Nightmare over for NIKE?? What this all about..... See below.
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Sentiment Trader saw that today nike have a deal to sell products through amazon. Is it too late to buy on the NKE chart?.....
This was quite and insane move and has run up because there were low expectations going into Friday. Nike did not have much of a blowout quarter for sure, but the north american markets are turning the right way, and inventories doing the same.
It was a chart that popped up on our radar, to the fact even in a bull market its been performing very poorly. So with the breakout today, this could be one to set on your watch list in the coming months.
lets take a quick peek at the chart.. This is quite interesting. You can see the larger downwards channel that has been solidified since December 2015, and actually continued all the way until Friday, Where we broke out and closed at $59. This is a very extreme move. Take a look below on the daily chart.....
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