All right, guys. Up next, we've got Dick Sporting Goods. Now, we covered this the other week on the tremendous fall it had after earnings, and I wanted to bring back some fib levels, too, as we touched on those yesterday.
Guys, these indicators you can use on every single chart. And so, it's important you learn how to use them and deploy them on a normal basis on all of your charts. Anyway, you can see here what I've done.
I draw the fib retracement tool from the COVID lows all the way up to the highs that have occurred here in 2025. Most recently off that earnings collapsed underneath this parallel channel.
And you can see here price got a decent bounce but is now trading back down comfortably underneath this 50% fib retrace at $134.40. That tells us, guys, we're knocking against this low range door to come down to the 618 retrace all the way down just above $100 at $10557 could be in store for some more downside pressure on DIX after this very nice bounce that occurred.
As you see here, this bounce, and I'll zoom in. This bounce wasn't small. This was pretty nice. This was a 17% pop on the stock of DKS, but it did drop much much more than 17% as you see here.
Drop now down nearly 30% before having a decent uh technical bounce. That technical bounce so far looks like it may be over where prices closing near the low range of those low pivots.
So, watch out below 10557 could be that next stop.
