Bubble Alert - NKE (Nike)
1) Been over 1 year since we have seen a decent correction.
2) A great company but that doesn't change the fact that after large moves up, corrections happen.
3) Monthly divergence on SLOW STOCHASTIC and FAST RSI
4) Upper trend line (resistance)
5) $100 psychological close by
4) By nature, I like to "snipe" major reversal points with tight stop losses.
6) I'm always on the lookout for markets that have potential for strong reversals.
7) I want to burst this bubble soon
8) I will buy the dip when the correction is over
-BubbleBurster
2) A great company but that doesn't change the fact that after large moves up, corrections happen.
3) Monthly divergence on SLOW STOCHASTIC and FAST RSI
4) Upper trend line (resistance)
5) $100 psychological close by
4) By nature, I like to "snipe" major reversal points with tight stop losses.
6) I'm always on the lookout for markets that have potential for strong reversals.
7) I want to burst this bubble soon
8) I will buy the dip when the correction is over
-BubbleBurster
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