Nike Stocks Sell On Rise Technical Analysis. It is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, Apparel ,Sports equipment, Accessories and Services .
Nike Stocks Sell On Rise Technical Analysis:
Nike Monthly Chart shows red candle and the strength of the stock losses. This month Nike stock ltd opened at 59.05 and immediately went high to register monthly high and the the stock losses it strength.
Nike stock is completed it corrective upside wave at 61% Fibonacci retracement level . So this must be a impulsive 3rd wave or impulsive “C” wave. So expect fast and furious move on downside.