$NKE finished the week testing its 0.618 Fib again, this is the second test of the 0.618 fib since Sept.
We can see from the last test that the price hit $77 and jumped up to $91 next.
$NKE is still in the Buy Zone and if the 0.618 Fib is not held at $78 then I think we will be seeing weakness here and the next test of support is at $73.
We did not add $NKE to hold short term, the instructions are clear, hold for long term and take the dividend as your reward for being patient.
Another test of the $73 level and I will add again, I will also have no issue accumulating $NKE in the Buy Zone for the next 6 months or so.
For now however, impulse wave remains valid.
Daniel
2024-10-29 16:46:34 +0000 UTCGiorgio
2024-10-27 19:09:55 +0000 UTCGareth Neary
2024-10-27 18:39:00 +0000 UTCShaleen Deep
2024-10-27 18:36:05 +0000 UTC