Is Nike Starting a Bearish Motive Wave? Daily Chart Outlook $NKE

Nike             ($NKE) Daily: Nike             after enjoying a HUGE run up to this point, appears to be finally catching up to the overall weakness in the retail industry. We can see from this daily chart , that it started to make a series of lower lows and lower highs after posting an all time high in price around December of 2015. The stock could have moved higher after this corrective move, at November of 2016, but instead, resumed another downturn, unable to yet again make higher highs than its previous peak. We can see here that it retraced back 50% of the initial corrective wave (Wave 2, in Green) and is continuing on downward. Now, this can be a large corrective wave, after which Nike             can move higher, forming another bullish motive wave, or this can be a start of a multi-year trend reversal and start of a bearish cycle for the company. Key level at this point would be $49, and breaking below would mean the stock has indeed posted yet another lower low, and expected to resume a move lower at that point. As always, keep eye in the RSI and MACD for direction and strengh of price movements.

Bình luận: So today was probably not the best day for $NKE stock holders wanting to see that inverse H&S take shape. It's still in play, but we're instead getting closer to that 49.12 level to continue a corrective wave pattern...
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất