2degreez - NKE - Tough Short but a Short is a Short

NKE is a tough short but it appears ready for a short term retrace back down to the bottom of its current trend.
Info is labeled on the chart.

stoch, ttmsqueeze & macd overbought and appear exhausted and headed back down.

This Content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.

Good luck, happy trading and stay chill,
2degreez

Comment:

Short target entry @95 (786fib)

Trade active:

BOUGHT NKE 19JUN20 94p 2.00

Comment:

So hard to short anything in this market especially quality stonk. Lets see how we open. I run tight stops always so I will not be diamond hands on these puts. Will update with exit.

Trade closed: stop reached:

NKE gapped up yest over the 786fib.

SOLD ALL OUT NKE 19JUN20 94p 1.50 -.50