Nikeלונג
finally i bought me some nike
i didnt buy nike because their price didnt fit my longest term trendline.
to me they were too high and i avoided this correction besides the 81 usd pivot point back at 2023 which i didnt see any profits from the continuation of our downtrend.
but this finally hit my trendline and hopefully the bottom is in. in order for me to continue my investment i would like to see a reversal like i drew on the chart, this will prove to be an inverse head and shoulders type of thing
this pivot point that we are currently touching can prove as resistance to some extent or a continuation of the downtrend in which case i will probably buy on the next pivot point in confluence of this long term trend.
nike had a tough year and everything is possible.
for me they can provide an oprotunity, enough they hit their last ATH and we have ourselves a 137% profits.
if it continues we can achive a new ath with better profits.
i would be wary to invest all my money in them like i would with any company but investing some of my money there can provide a decent yield at one point in time.
to me even if i make 25% avg every year in 5 years thats a great investment. so i dont even stress.
if its more and faster idm getting that money.
this is not an advice and im far from a proffesional
to me they were too high and i avoided this correction besides the 81 usd pivot point back at 2023 which i didnt see any profits from the continuation of our downtrend.
but this finally hit my trendline and hopefully the bottom is in. in order for me to continue my investment i would like to see a reversal like i drew on the chart, this will prove to be an inverse head and shoulders type of thing
this pivot point that we are currently touching can prove as resistance to some extent or a continuation of the downtrend in which case i will probably buy on the next pivot point in confluence of this long term trend.
nike had a tough year and everything is possible.
for me they can provide an oprotunity, enough they hit their last ATH and we have ourselves a 137% profits.
if it continues we can achive a new ath with better profits.
i would be wary to invest all my money in them like i would with any company but investing some of my money there can provide a decent yield at one point in time.
to me even if i make 25% avg every year in 5 years thats a great investment. so i dont even stress.
if its more and faster idm getting that money.
this is not an advice and im far from a proffesional
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