$NKE TOP 20
Added 2024-03-24 18:09:53 +0000 UTCTough week for $NKE and in spite of a double beat on earnings, the market did not like the guidance growth and it confirms our concerns which were already showing on the chart.
Price was struggling with the 50 and 200 Day MA and has gone below the yellow historical support level now too.
The price is between the 0.887 - 0.78 Fibs right now, so this is the last level to hold....(which it did hold in this level back in October '23 as shown)
Failure to hold here and a new low will be tested, which is where we have the buy zone under $82.
