$NKE TOP 20
Added 2024-11-10 18:54:58 +0000 UTC$NKE has shown weakness now but there are three valid points to be made now
1. The pull back has been in 3 waves (part of an impulse trend)
2. Support has been found so far on the 0.78 Fib
3. We are deep in the Buy Zone now.
$NKE I suspect needs another earnings to show that it is trending in the right direction, so we may see some sideways movement here under $82, if I see this happen and it holds strength then I'll accumulate slowly.
This consolidation period could take some time, if you are prepared to hold, then take advantage in the buy zone
But I would not be surprised to see a scenario like $PYPL here where it consolidates for a long time and breaks out hard.....i'm happy to take advantage of that consolidation.
Comments
So you intend to buy more NKE?
Nick E
2024-11-12 15:03:50 +0000 UTCCan this be an impulse though since it looks like it also made 3 waves up first? This could be a WXY for wave 4 before final wave lower.
Byron Tanigawa
2024-11-11 06:06:29 +0000 UTCOverweight at $79/share. Long NKE
Daniel
2024-11-10 19:11:20 +0000 UTC
