$NKE TOP 20
Added 2023-07-23 19:23:09 +0000 UTCI can sense the patience is running thin on $NKE as its in this limbo position between holding above its previous low and below the 50 and 200 Day MA.
I have decided to hold anyway, mainly due to it being my second lowest holding and if we lose the previous low, it can come down to the blue line again at $82, I will be adding heavily here.
The MA's are not looking particularly healthy for the bull case here as the 50 Day MA has crossed down through the 200 Day MA now, so something will need to happen for this to break this trend and break above both of these moving averages.
If you are not confident about holding here for the worst case scenario, I recommend setting a stop loss below the previous low, which is at $102.
