$NKE TOP 20
Added 2024-09-11 19:10:02 +0000 UTC$NKE is exactly in the sweet spot now that we spoke about in the weekends commentary
Holding at the 50 Day MA and in between the 0.5 - 0.618 Fib levels between $77 and $76 now
Now we observe to see if this can hold and if there is a series of higher highs and higher lows next.
Remember, this is in the Buyzone now and the price is now lower than where Bill Ackman was adding in the last quarter.
Comments
Wow..that’s a great example. Understood. Thanks for the reply
Raghu G
2024-09-11 23:33:34 +0000 UTCIf a stock price goes from $50 to $55 (making a high), then retraces back to $52 (making a low), and then rises again to $60 (new higher high), and drops back to $54 (new higher low), you are seeing the pattern of higher highs and higher lows. In summary, this pattern helps traders confirm that an asset is trending upwards, with increasing buying pressure and less significant drops during pullbacks.
MR BULLGIGGLΞS
2024-09-11 23:03:21 +0000 UTCHey Cap, being new I am still trying to understand what “higher highs and higher lows” mean and how does one understand that by looking at a chart like this one? Do you mind elaborating please 🙏🏻
Raghu G
2024-09-11 19:26:28 +0000 UTC
