$NKE TOP 10 & TOP 20
Added 2025-04-20 19:14:27 +0000 UTCI have started accumulating $NKE at $55 and I will be adding again under $60.
I can not eliminate the downside risk of $46 at the 0.78 Fib but I believe that $NKE can this around and starting growing again and I am happy with the risk v reward set up here.
Accumulating under the blue line, below the 0.618 Fib and after a 3 wave pull back and significantly below where Ackman added above $80 is something I am comfortable with.
The 200 WMA is at $110 too, so we know it is technically undervalued with a margin of safety here.
$NKE need to share their stories again that inspired and made the company it once was.
Comments
We are likely still in Wave 5 of Wave C
Gareth Neary
2025-04-20 19:26:00 +0000 UTCQuestion since the previous ending diagonal is not actual. Can there be another ending diagonal that ends at $46?
Dante
2025-04-20 19:21:25 +0000 UTC
