$NKE commentary sounds like a track on constant repeat.
Another week has gone by and this has still not taken a direction but also still being kept down by the 50 Day MA.
$NKE has not been moving with the market either ....$SKX and $ONON have been performing well, while $LULU and $NKE continue to be under pressure from emerging apparel companies.
I suspect $NKE will have no issue turning this around but it may not happen before Wave C is hit first.....and at this price, it would be worth starting a position.