Nike, a globally recognized, enduring brand, feels almost "too big to fail." I've been monitoring the $70 price level as a potential entry point for a wick fill trade in the near future, aiming for a 100% to 200%+ ROI over 6 months to 2 years. The stock shows signs of downside exhaustion and oversold conditions. Despite recent revenue declines, market cycles and Nike’s nearly 50-year brand resilience suggest a potential rebound.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.