However, the trend of Accenture $ACN can be used as a reference. After a single-week sharp drop, in the second week it sees increased volume, followed by a sustained weak rebound. Then, either an announcement or some news triggers a rebound that is higher than the previous drop point. In other words, the rebound will likely last a relatively long time. Judging from this weekly chart alone, it has taken about three months. $NKE ’s current trend is quite similar to $ACN ’s first half of the year: after the earnings report’s bearish news is realized, it hits a new low in the second week and then, with volume picking up, starts a prolonged rebound path. You can add it to your watchlist for observation.
