$NKE TOP 20
Added 2023-12-22 00:06:40 +0000 UTCBREAKING:
'Nike trimmed its fiscal-year revenue guidance on views for a negative topline performance in the current quarter.
Shares drop 11%, to $108.97, in after-hours trading Thursday.'
We knew $NKE was having a fantastic bounce for Wave 1 and wondering what would be the catalyst to trigger this to pulling back for Wave 2 and their lower revenue guidance tonight has caused this catalyst to drop right down to our 0.5 Fib level (not a coincidence) and drop -11%
$NKE could have a difficult day tomorrow but it is all about where it finds support now.
If this can find support at our White Fibs levels as shown, this can move higher next.
The next potential support line is on the yellow line at $96, where it has held support on since 2020.
