$NKE has done very little over the last 2-3 weeks since reporting its damaging earnings report, price is still below its 0.887 Fib and just above the second last support blue line at $72.
No reversal signs yet but seeing signs of selling slowing down, as the Olympics start and the market may decide that there is relative value on the table here since declining from $179 to $72 since the end of 2021.
$NKE I would like to have in my long term portfolio, which is why it is in the Top 20, but we need to see some strength and consolidation first.