$NKE TOP 20
Added 2023-09-24 19:44:23 +0000 UTC$NKE's share price is exactly on the yellow trend line right now which is taken from the Covid Low in March 2020 and the low in Sept 2022 and it is very close the 0.78 Fib as well.
The RSI on the daily chart is also down at 20 right now so this is very oversold.
$NKE has been weak for us this year and I am not recommending a buy here until I see more strength and it is hard to try and find it right now.
I would prefer to wait until the buy zone comes in under $82, making this undervalued and very attractive.
MACD looking a firm downward trend right now.
Comments
of all the value names mentioned on this site, this is the one most people should play, at last years lows it had only been as oversold one other time(early 2000), the low happening now has only happened twice(98 and 02), inventory is eroding which should lead to margin expansion soon, only near term risk is tax loss selling, buy the best in class when it is on sale like this, i can not think of another value name mentioned on the site that is actually best in class
ALG
2023-09-24 21:29:30 +0000 UTC
