$SKX
Added 2023-09-30 11:50:35 +0000 UTC$SKX got a nice bounce on the back of $NKEs positive earnings report yesterday, $NKE recovered very well on the strength of their sales in China, where many believed were not showing much recovery.....but sales results are more important than opinions on Twitter.
So there is no changes to the chart here and we still may see a further pull back to the white Fib levels, focusing on the 0.5 - .0618 Fibs for support before going higher.
The overall primary impulse wave here is very structured and I do like this brand, I find myself buying more of their footwear than any other brand.
If we can get a pull back below $44, this is somewhere I would consider starting a position.
However, above $55 and this is into the bull case and the risk of pulling back is gone.
