The Long Investor
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$NKE TOP 20
🕑 Added 2025-02-02 18:55:49 +0000 UTCI have had a number of people ask about where the price entry is right now and we can see clearly that there has only been one bounce here so far
But I have set the white fibs from this current bounce as I expect some red tomorrow from the market, so we are looking for a higher low next
The 50 Day MA is also aligning with the 0.38 Fib at $75 so this is a level of interest.
But remember, the Buy Zone is between $70 and $82 for a long term buy and hold
So you are smack bang in the middle of the Buy Zone.
Accumulate small positions if you are uneasy and do not want to miss the reversal
I believe buying in the Buy Zone could be one of the most rewarding holds for the next few years.
Comments
Daniel
Part of me says no more buys here as I am overweight currently, however, another part says continue adding at these levels before it moves back into the mid 80s and runs
