$SKX
Added 2023-12-22 20:02:56 +0000 UTC$NKE guided lowered yesterday and there is a concern that they are losing market share too faster moving apparel companies like $SKX, $LULU and $ONON.
I expect $NKE to respond and continue to be the market leader but that being said, it is encouraging for these companies to see them grow.
$SKX chart is as straight forward and bullish as they come.
Especially how well this has held the 0.618 Fib at $32 and pushed higher then by using the 50 and 200 Day MA's as support.
After this broke out of its channel, the bull case was confirmed and there is still a long way to go to the 1.618 Fib at $93 now.
