$NKE TOP 20
Added 2024-07-07 14:33:09 +0000 UTCI was hearing a lot of calls that the bottom was in after the post earnings drop but it's rarely the case that a price will immediately rebound, unless there is an overreaction or MM's go hunting for shares and start raiding stop losses, this was not the case for $NKE.....their forward guidance is a concern and since it was for 2025, investors are likely weighing up the benefits here, especially when there are many strong opportunities right now....this is our scenario now too, we are not against buying $NKE and holding long term shortly but right now, there is better use of our capital.
I would still wait for a test between $73 and $70, then wait for some consolidation, I do not believe there is any rush here.
