The trend is your friend?
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.
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.
הערה
below todays low i exspect a hsortterm downmove הערה
הפקודה בוטלה
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 הערה
הערה
הערה
very critical 
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