NIKE: double bottom bounce meets short-term moving average resistance

At week 15 of a sell signal, NIKE, Inc. Class B has returned +20.72% from trade inception. The bearish peak came on June 1 with a 7% drop; the following 2 weeks produced a rebound, but price is now running into a cluster of short-term moving averages that have already rejected it decisively on multiple occasions. The double bottom in the 42 area is the key technical node shaping the trade's next move.