$NKE TOP 20
Added 2024-09-20 19:29:46 +0000 UTCHow many times have we seen this set up this month and then take off, exactly as planned.
$NKE got a catalyst with the introduction of the a new CEO but quite clearly the chart was showing a potential move higher next.
A hold on the 50 Day MA between the 0.5-0.618 Fib provided the perfect setting
Higher high now and routing towards the 200 Day MA at $93, so I have added the 1.618 Fib and the impulse count, with a target at $99 for Wave 3....which is also the historical support/resistance support line.
The Buy Zone has done its job again.
Comments
If there's one thing I've learned in the last year it's that if one of the top 20 gets into the buy zone you should load up!
Trevor Sweetnam
2024-09-21 12:38:08 +0000 UTC
