Long Nike on a defined risk level

25 Oca

Double bottom forming on possible bottom. Fundamentals are changing with new CEO.

Huge down trend for over a few years, so it's a low win rate set up for a long but there's a defined level to try.

Minimum risk here. Will add on bullish consolidation

3 Şub

İşlem aktif

Good rally for now. But trade war is now triggered. Nike manufactures a large portion of its footwear and apparel in China. If Trump imposes higher tariffs on Chinese-made goods, Nike may face increased costs when importing products to the U.S.

Keeping the trade as it is and see how the bull defends.