SamSuka
The Long Investor
The Long Investor

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$NKE TOP 20

$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.

$NKE TOP 20

Comments

In around $81/share for 25 shares.

Daniel

$73 would be a blessing. Once the new CEO is able to implement some changes, that jump to $90 will seem like nothing

Giorgio

Fully agree

Gareth Neary

Continuing to DCA here bit by bit. NKE is the Michael Jordan, the OG, of atheletic apparel. ON and others are great but GOAT is the GOAT. They will roar back.

Shaleen Deep


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