At the recent low was down 71%.
That means it was wiped out all gains since 2020 crash lows.
This has been the largest bear market in its history.
And it is the deepest the 2 month (and above) RSI has ever been.
So this has been a highest degree correction.
A first ever for NKE.
This hasn't done much positive yet, but with stock markets turning bullish; I think this is a great long term buy and hold 👍.
Not advice
That means it was wiped out all gains since 2020 crash lows.
This has been the largest bear market in its history.
And it is the deepest the 2 month (and above) RSI has ever been.
So this has been a highest degree correction.
A first ever for NKE.
This hasn't done much positive yet, but with stock markets turning bullish; I think this is a great long term buy and hold 👍.
Not advice
Trade active
If you like my work then hit the BOOST to show your support and the thread will push up in the TradingView lists and so more TradingView members will see it.This will encourage me to make more free content like this in the future ✨.
Thanks guys - GL in your trades 👍
Note
Low time frame contraction triangle printing just below 2020 bottom "support".This area is the potential "shakeout zone" of higher liquidity at the very significant long term support/resistance.
Within the low time frame triangle, cause may be building for an upside move.
Low time frame fractals are as solid as snowflakes so this could yet wobble.
But this might just be a buy of a life time with both highest and lowest time frame technicals aligning for a perfect entry ✨
Note
Just 8 BOOSTs from 210 views for a highly technical call and potential dream buy in a top tier stock - given entirely for free! Leeches be leeching 😅.
Note
When one day in the future you tell your grandkids how you bought NKE at $57, you can also tell them how you didn't bother to BOOST my thread 🐍Note
The herd are trying to buy the dips on TSLA and SMCI, not realising that they're cooked for now.Meanwhile NKE is the buy of a lifetime but everyone went to sleep on this name a long time ago 😅.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.