Nike again reached an Action Point - here : the trendline. Perhaps the Moment for a cyclical longterm swing- trade has come? I have illustrated all my thoughts in my Chart - if you have any questiuon -feel free asking me! Comments are Welcome Regards Mary
Former view: Nike - disillusionment after downgrade...
Nike started ewak after the latest downgrade. In the today's opening range about 54. 00 USD is a considerable horizontal support in the form of the present annual low and the longterm trend channel`s bottom edge. If Nike can defend the longterm trend and reenter it, a shortterm buying Signal can apear. Prices below 52.85$ can cause the next downwave.
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below todays low i exspect a hsortterm downmove
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ออร์เดอร์ถูกยกเลิก
nke did not reach the thought entry niveau at ~ 58$ - it is still weak....let`s be Patient - i will inform you if i see the next cyclical Chance