Nike, Inc.
Long
Aggiornato

NKE starting a new uprend

271
If you've followed my previous post about NKE you know I was eying a descending wyckoff accumulation schematic. We successfully anticipated the spring-phase and now I think there is a big chance the spring-test has been completed, or anyway will complete soon.

So long story short: next up is SOS-phase and expansion towards a 1.618 trend based fib extension. But I'm personally not looking to trade this and plan to keep this as a multi-year stock hold. That's not financial advise, that's just my personal plan.
Nota
My previous thread on NKE where I anticipated the spring-phase:
NKE wyckoff accumulation
Trade attivo
Unexpectedly large downside here for NKE. Should hold around this area for this idea to stay valid.
istantanea
Nota
So NKE definitely went lower than I anticipated in this spring-test phase. But things are starting to lighten up here currently. I want to see that diagonal above reclaimed. If so, I think the spring-test phase has completed and we are into the SOS-phase.

istantanea

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