NikeLong
July 18: Generational buy opportunity
I believe NKE is at a generational buy opportunity, because the drop has now erased all the lows of all times and is the most oversold in the quarterly chart. Weekly chart shows the last pivot has also been erased and is at the buy zone. Price action-wise, selling has also stalled and is creating a hammer on the weekly. Further drop, if there is, will be minimal.
NKE is at a generational buy opportunity, because the drop has now erased all the lows of all times and is the most oversold in the quarterly chart. Weekly chart shows the last pivot has also been erased and is at the buy zone. Price action-wise, selling has also stalled and is creating a hammer on the weekly. Further drop, if there is, will be minimal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.