$NKE TOP 20
Added 2024-03-17 15:19:23 +0000 UTCFor the last number of weeks we witnessed the 200 Day MA being the main resistance level for $NKE but this week it has dropped lower and now the 50 Day MA has become a resistance level which also aligned with the 0.618 Fib, meaning at this confluence level, we saw another rejection towards the end of the week.
Bulls can remain positive as long as the price stays above the yellow historical support line but I suspect this level will be tested shortly, failure to hold this level and the Buy Zone is next in play and our Wave C target.
