We will look back at this moment in a few years and wonder, how the hell did we get $NKE at $55.
Price is already back to $59 in the PM now and testing the blue line at $60 shortly.
My message has been clear here, accumulate under $60 but if you want a lower risk entry, then waiting for the $60 level to convert to support next makes sense too.
The 200 WMA is at $110 for $NKE, like I said before, a +100% gain JUST to get back to the 200 WMA, which we know often behaves as a magnet in both directions.
The main message here: You are still very early.