The Long Investor
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$NKE TOP 20
🕑 Added 2025-03-30 12:34:35 +0000 UTC$NKE is still in search of support and did not hold on its 200 Monthly MA now, so it falls into the same category as $EL right now, a legacy sector leader in desperate need to find support.
The next test is the Covid low level at $60, below this level is the 0.78 Fib at $46.
$NKE has not been following the market and is in an undervalued position right now, the plan has always been to hold for long term and let management turn this around as they have done many times in the past.
Comments
DC
65% down from peak and 36x NTM P/E with no growth? It’s a pass until I see support AND a at leat flat yoy
