Users: Violet: slopechart_NKE.jpg

slopechart_NKE.jpg

NKE meeting up with strong resistance. 
Top blue downtrend line drawn months ago. 
Friday's high reached bottom of the Cloud and fell back. 
Price not able to regain support of uptrend from 1984 (bottom blue). 
Next up, last vestige support of 1997 uptrend (bottom green). 
Gaps around 90 and 70.NKE meeting up with strong resistance. 
Top blue downtrend line drawn months ago. 
Friday's high reached bottom of the Cloud and fell back. 
Price not able to regain support of uptrend from 1984 (bottom blue). 
Next up, last vestige support of 1997 uptrend (bottom green). 
Gaps around 90 and 70.

Image added via SlopeCharts
slopechart_NKE.jpg

Comments

VioletViolet
OOoops. 10/15/23
VioletViolet
10/15/23
Mr. WizardMr. Wizard
Perhaps selling multi hundred dollar sneakers to poor people isn't a long term viable business strategy after all? 10/15/23
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