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
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.