The Long Investor
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$NKE TOP 20
🕑 Added 2025-01-19 15:32:45 +0000 UTC$NKE made a 52 Week low this week and looks like it will struggle on its blue support line at $70.
The next support level is the bottom yellow line at $67 and then finally at $60, which is the Covid low level.
A lot of savvy buyers stepped in at $60 in March 2020 and enjoyed gains all the way up to $179, I believe getting the opportunity to add at $60 should not be ignored.
I will be accumulating.
Comments
Daniel
very high probability this one continues to trade sideways through at least two more quarters before it really regains investors confidence that the turnaround story is in process and not just a fluke. IMO. I've got a price target of $80 by EoY. $100 by end of 2026.
Janko
There should be SL long time ago on this dump stock
Martechnic
I guess we should also be prepared for a situation where NKE could go horizontal for months to come. But That should give us time to accumulate.
