Stocks to Watch Nike Inc (NKE US)$Nike(NKE.US)$ Daily Chart -[BEARISH ↘ **]Nike shaped a bearish wedge breakdown. We prefer to stay bearish for now, expecting price to do a pause below 81.20 resistance before shaping a fresh drop towards 64.00 support. Technical indicators are advocating for a bearish scenario. Alternatively: A daily candlestick close above 81.20 resistance will open a recovery towards the next resistance at 93.50. Monde...
Cui Nyonya Kueh :
"This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore."
Recent insider share sale at around US$300 raises caution. Despite some insider buying, the long-term outlook isn't positive. However, significant insider ownership suggests management's incentives align with shareholders.
Align Technology's falling ROCE trend is concerning. The stock's modest 18% gain over five years may reflect investor caution. Those seeking a multi-bagger might find better opportunities elsewhere.
The company's positive sales forecast, spurred by increased revenue from its Invisalign teeth-alignment system, resulted in a 10.3% surge in after-hours shares. This follows last year's demand concerns due to fewer dental visits and higher prices for essentials. The shutdown of competitor SmileDirectClub last month may have also boosted the optimistic outlook.
Cui Nyonya Kueh : uncle @soyabean89 ... fyi .![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
soyabean89 Cui Nyonya Kueh: Nike still got room to drop?!![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
brutal
Trader’s EdgeOP soyabean89: The bearish momentum on the Weekly chart and the Daily chart does look very strong.. - Isaac
12moon : It is interesting to hear from Trader's Edge,but it is risky to follow blindly. Weekly view is too speculative
Cui Nyonya Kueh : "This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore."![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)