04.08.2015 - Quotes of Nike corrected after the strong growth

Nike's stock price corrected after failing to overcoming the upper boundary of the rising channel. In case of continued price correction within the channel, the price will reach the bottom border and the support level at 105.00. On the other hand, after completion of the correction, we expect a further increase in price to 120.00 and 125.00. Our medium-term outlook is positive and we recommend accumulating positions after the correction.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.