$NKE is turning into one of those slow moving stocks, along the lines of $KO.
It has not done much in a number of weeks, bare hold this channel and consolidate.....but I have no issue with this.
The market needs more time here, I am still holding my position and I intend to not touch it or even bother to look at it because if it goes higher - great, if it goes lower, then i'll add.
A break and hold above $111 would confirm that this will move to the upside next, until then, we could see this move sideways.
Kristof Van Nevel
2023-08-13 20:12:44 +0000 UTC