1
Nike stock price slid 1.86% in the last trading session to close at 102.86 weakening the lower support levels.
2
Nike’s share (NYSE: NKE) price consolidated at lower levels after a decline in May and is currently preparing to resume the fall.
3
The price has already lost the support of key moving averages which have turned resistance for the price now.
Nike’s (NYSE: NKE) stock price had been under selling pressure after topping out in May 2023. The price sharply declined from $123 to $103. The $100 level halted the free fall in the stock and buyers showed some interest. Thereafter, the price went volatile and tried a recovery but experienced strong selling pressure near $115 and declined further.
The Sellers made aggressive short positions as the price recovered to the neckline of the double top. The 200 EMA also acted as a selling level for the bears and the buyers lost the momentum in the game.
Recently, the Nike price conso
We współpracy z: https://www.thecoinrepublic.com/2023/08/22/nike-stock-turning-bearish-sharp-selling-below-this-level/
