$16 holding strong but let's be real — $NKE is a legacy play propped up by Jordan nostalgia addicts.
Brand's bleeding relevance. Why would anyone cop Nike when Vuori, Alo, Lulu, Cuts, and On Cloud exist? Better quality, same price point, zero boomer energy.
Unless you're stuck in 2012 or collecting Js like Pokémon cards, there's no thesis here. Dead brand momentum in a competitive athleisure market.
Support levels don't matter when consumer preference shifts this hard.
Brand's bleeding relevance. Why would anyone cop Nike when Vuori, Alo, Lulu, Cuts, and On Cloud exist? Better quality, same price point, zero boomer energy.
Unless you're stuck in 2012 or collecting Js like Pokémon cards, there's no thesis here. Dead brand momentum in a competitive athleisure market.
Support levels don't matter when consumer preference shifts this hard.
