The most important point about this $NKE chart is that the price is still in the Buy Zone and I still regard $NKE as a solid long term hold.
It is a strong brand
Going through cultural change
New Ceo
Modest dividend
At a multi-year low price and consolidating above $70 since July now.
$NKE will need some time but this is a company you wish you had bought at these low levels in a year or two.
The 1.618 Fib at $104 remains the target if we see a reversal here shortly.
AL
2024-11-30 17:22:22 +0000 UTCMatthew Laracy
2024-11-30 15:53:27 +0000 UTC