NKE & ADDYY Stocks Video Analysis & Outlook

NKE & ADDYY Analysis

This week we will be be looking at two of the big apparel and fitness companies NKE and ADDYY from a purely technical standpoint.  At APA Zones we care about what price alone is telling us.

NKE

image of NKE logoOn Nike this week, I’m expect Nice to retest the lows at $50.70 as it looks like Nike is now in a new downtrend.  The real question in my mind is will $54.42 hold? I believe it won’t because it broke the previous to low pivots at 51.61 and at 53.74.  Overall, I think that price has started a new downtrend and 54.43 supply zone was a great selling opportunity.  

ADDYY

image of ADDYY logoOn Adidas this week,  price has failed to break the high of $101.99 and is now come back down the the bottom of the range in the daily demand zone at $94.30 down to $92.97.  In my mind, price is in a range.  We need to see if price will hold at the daily demand zone or not.  If not thing I think price cold easily go down to 85.91.  This is a long term perspective and as for this week I’m just looking for price to move into the daily demand zone and consolidate down there

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