$NKE is still struggling to find its feet now after pulling back since its earnings report, price action is just sitting on the 50 Day MA now at the 0.5 Fib for the last 2 days, so support has been identified but no bounce yet here.
The 0.618 Fib is slightly lower at $78.30 as a possibility too
We still have higher highs and higher lows here and testing important support levels in an impulse wave so no concerns, not adding to my position just yet however.
AL
2024-10-08 15:14:30 +0000 UTC