SamSuka
The Long Investor
The Long Investor

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This chart has been another favourite of mine, shallow pull back after completing Subwave A to just above the 0.38 Fib, which is what we would expect from an ABC corrective wave, broke above the bull channel and comfortable above the 50 and 200 Day MA now.

So What Now?

It has retested the bull channel and found support, so I see no reason for this not to be a buy right now, ideally another retest would be the perfect place to start or add a position. There is space for this to move to $150+ but this is not a long term hold for me while I believe it is in a corrective wave.

$NKE TOP 20

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