Nike is about to test strong support

Nike is about to test strong support

https://www.tradingview.com/x/fBbUf1ac/

This chart shows the weekly candle chart of Nike's stock over the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Nike's stock has hit its lowest point in recent years, hitting the 2.618 level of the bottom up golden section in the figure. The low point in October last year hit the 0.500 level of the bottom up golden section in the figure, and the high point in January this year hit the 1.618 level of the bottom up golden section in the figure! So, in the future, the bottom of the graph should be used as the dividing line for judging the strength of Nike's stock, which is 0.618 on the golden section!