$NKE: Short term decline ran its course

By Monday, a signal to exit shorts or buy into strength to capture a potential rebound in the stock will trigger.

Keep an eye out for a new daily high to enter longs, stop a bit below the recent lowest low is fine.

Hold the trade for 5 business days or until it reaches the target shown by the rising arrow.
If it remains sideways instead of rally, it will likely trigger a new bearish trend signal, indicating continuation to the downside.

The long term trend was bullish as per quarterly data, so I am inclined to think the dip will get bot.

Best of luck!
Cheers,

Ivan Labrie.