$NKE TOP 20
Added 2023-06-11 18:06:38 +0000 UTCThis week $NKE was able to stop the bleeding and find support around the 0.5 Fib, it has not recaptured it fully but buyers stepped in before this could make it to the 0.618 Fib at $100.....$NKE at $100 is going to be attractive for any investor, so it is not a surprise to see buyers step in a little earlier.
Big tests now will be to hold the 0.5 Fib at $106, get above the 200 Day MA at $112 and the upside target is back on track.
I still have not ruled out this entire structure being an impulse wave too....after seeing this ABC count pull back all the way to the 0.5 - 0.618 Fib, which is common for Wave 2 impulse wave count.
