The Long Investor
patreon
$NKE TOP 20 & TOP 10
🕑 Added 2025-02-09 18:27:32 +0000 UTC$NKE got a neutral downgrade from Citi on Friday and the share price dropped to $68 and a new lower low.
Price is now only $4's away from its 200 Monthly MA, something I highlighted as an incredible opportunity in July.
The price is low now and it has been beaten heavily, and down close to its Covid low too, there is no denying how bad it has been for $NKE.
Also remarkable is that they are expected to advertise at the Superbowl tonight and the ad is expected to share their new vision, so this will be interesting to watch
On the chart above we can see how close the 200 Monthly MA is and there is nearly a test of the wedge bottom line too.
So we are close I believe to a bounce and a reversal signal.
I think I will be kicking myself soon if I do not start accumulating here shortly.
I like the risk v reward here
Comments
Rob
Any update here?
Nick E
Let's hope their new vision doesn't remind us of Jaguar! Jokes aside, I bought myself and the boys new Nikes this weekend, to replace the old ones. Whether or not they are the same old styles, I loved them and so did the boys (4 & 6). I surprised the Mrs with some new ones recently too, she was devastated that her old ones where knackered, but loved the new ones more. Why am I writing this...? I live in London and do see more and more ONONs around, but to be honest, perhaps for a runner they are good, but I'd never choose them for style. Nike is still a classic with a long way to run.
