The Long Investor

$NKE TOP 20

Added 2024-04-07 11:06:49 +0000 UTC

$NKE is at its red line limit now, which was the previous low from October....$NKE appears to be under threat from a resurgence from american apparel companies and new entrants into the market like Vuori, which I just came across the other day and was really impressed with their line....and appears to be a big challenge to $LULU too...so the active wear sector is starting to heat up.

That being said, I still wouldn't bet against the market leader here and the bullish thesis that $NKE will dominate the olympics in a few months.

A pull back further into the buy zone below $82 before the olympics may offer us an excellent opportunity to add to take advantage of the olympics exposure.