Post by Luther Lu

I can confirm that the call to cancel Nike in China is indeed catching fire. A few days ago, a Chinese diplomat told the US that "the US is in no position to talk down to China from a position of strength". Coupled with emergence of many Chinese domestic brands, the boycott could be meaningful. We shall see if it is 15-mins or 15 years. NKE is down 3% pre-mkt and the chart wasn't looking good heading into this news. #china #trading #technicalanalysis update on Mar 31: on Mar. 25th, Nike sales on T Mall declined 64.2% day on day; on Mar. 26th, sales declined another 35.6% day on day.