$NKE TOP 20
Added 2023-11-12 15:40:50 +0000 UTCThere is a common theme from our Top 20 list.....all good companies that have declined over the last 3 months have come roaring back strong, $NKE is now back to its price it was at in June, erasing all declines over these months.
However, I think the bulls and holders here would still like to see this get back above the 200 Day MA to show that this is into the bull case.
We can see that the price went as high as the 200 Day MA this week which was also our Wave 1 target and pulled back slightly on Friday, I would like to see this starting Subwave 2 now and I have added in the small white fib levels as potential support lines.
If $NKE can make a higher lower next, especially above the yellow trend line....does is further signs that they are starting their reversal and will likely test their 200 Day MA after this.
