Time to Look at Nike Again
To understand why I am interested in another buy side entry in Nike (NKE), let's go back to a weekly chart of this stock.
In late June, a rather important low was made in this stock at the coincidence of four key Fibonacci price relationships. There was a 0.382 retracement of one swing, a 0.618 retracement of another and a 0.786 retracement of one more swing. These are all illustrated on the weekly chart. ...394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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