The Long Investor

$NKE TOP 10 LIST FOR 2025

Added 2024-12-27 11:46:18 +0000 UTC

$NKE is the second company to make the TOP 10 list for 2025.

The setup, the brand, the new leadership, the beaten down sentiment, the improved earnings and the clear technicals are all pointing in one positive direction next.

One major point to make:

The large green 0.618 Fib at $74.44, is taken from the bottom in 2009 (the low from the Great Financial Crash) to the high at $179 in 2021.....and this is exactly where $NKE has been finding support over the last few weeks.

Meaning, this has been a perfect Wave 2 pull back so far and has not been following the market to ATH's

The main risk here is that there can be a move down to the Covid low line at $60, which is a very clear buy for me with a margin safety and the 200 WMA is already at $116

But I believe that $NKE will reverse for Wave 3 next and is in a good position to move against the market, return to ATH's and offer substantial returns.

Reminder:

Dividend of 2.1% and we are still in the Buy Zone.