NKE Key Break

9 May 2022

Multi-year Channel Breaking key area at $120 last time this broke we were in a recession and then Covid hit.
A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be
different? Do we need a recession for stocks to drop? I will answer these questions in the next video.

15 Eyl 2022

Not

Still bearish

30 Ağu 2023

Not

Nothing has changed. Still bearish after a year plus.

27 Nis 2024

Not

Another great call!

25 Tem 2024

Not

BAM! Another great call! Now down -38% Since I made the call.

MAGIC!

22 Ara 2024

İşlem aktif

it has been six months since my last update and the situation looks grim for NKE

We now have a Big Ars H&S pattern and the company has lost over 57% of its total value.
I believe NKE will likely lose 2/3 of its value or more when (not IF) we hit a recession and its all said and done.

I would not initiate any short position here. However, those who are trapped in a bad trade and smoking
the HCP (Hopium Crack pipe) be ready for more losses.

Those who are trying to bottom pick I believe you will have much better opportunities to look elsewhere.
If the stocks collapses 75% or more then you could start to build a position if you like it so much.