More Weakness for NKE
NKE has been getting hammered all year and in particular since the last earnings that led to the biggest single day drop in the stock's history. It hasn't been able to catch a bid since and is nearing the recent lows after breaking below this small descending wedge. This should lead to a further move down below the $75 area.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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