We got a test of the $60 level this week, which we know is the Covid Low level from 2020.
So flipping this level back to support will be a strong indication that the market believes the worst is behind $NKE.
Right now, $NKE is still in the Buy Zone and I have no issue adding under $60 but I was focused on adding other positions this week.
Below $60 in the Buy Zone or even converting $60 back to support would both be suitable buy signals for me.
DiegoTheSabre17
2025-05-12 01:05:38 +0000 UTC