May 6, 2017

ORLY O’Reilly Automotive IDEA

Andrew J.D. Long, MFTA ORLY IDEA May 6, 2017

ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]

SII/ SII FANG & NOSH

NKE Nike IDEA

Andrew J.D. Long, MFTA NKE IDEA May 6, 2017

NKE had been in a strong down trend since the end of 2015; this was broken out of at the start of Feb. this year. The daily chart shows a lift through the down structures resistance and then a drop to retest it. It is possible that the retest is the start of a new […]

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