NKE second day play

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

Looking at NKE this morning. Yesterday it was a bit out of control on the open but the stock got easier after it broke the 60 level. I’m gonna be using that as my inflection point; above 60 will keep a long bias, below it will try to keep a short bias. Looking for a sell off to the 58 level. A seller will have to prove to me at 58 that the stock is weak, the risk reward is not very favorable for the shorts at those levels. happy trading

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