The Long Investor
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$NKE TOP 10 & TOP 20
🕑 Added 2025-03-11 20:00:50 +0000 UTC$NKE is now in the sweet spot.
Price has bounced on the blue support line at $70, ran up to the 50 WMA and has pulled back in 3 waves and is sitting on the 0.618 Fib now at $74.
This has been the perfect movement so far and this is where bulls want to see support.
A lower low is still valid but the 0.618 Fib is where Wave 2 should be held without showing weakness.
If a hold comes now above $74 then another attempt at breaking out above $82 at the blue line and the wedge line above at $87 can be next.....with the Wave 2 target at the 1.618 Fib at $96 then being the target.
The 200 WMA is also aligning with the Wave 5 target at the 2.618 Fib at $109 shortly......the set up is there
The bulls need to get in now.
Comments
Boons
Do it ! 😈
Josh Stevens
It’s currently still in the Buy Zone
Zachary Alpirn
Nice. I added at the 50 Day today. Hoping this one works out. Earnings could be the catalyst. Next week.
Jaschy
Would you buy now if you don't have a position yet or would you wait for confirmed support?
