#NKE đ NIKE (NKE): Is This a Long-Term Bottom or More Pain Ahead?
Nike's weekly chart shows a prolonged downtrend, with price now around $35.75 after falling from above $160 in 2021.
đ What the chart shows:
âą Price continues to trade inside a descending channel.
âą Lower highs and lower lows indicate that selling pressure remains significant.
âą The $35â$40 area is a level to watch for potential stabilization, but a reversal is not confirmed.
âą A sustained move above the descending trendline could change the technical picture.
đ My question: Is Nike becoming a long-term value opportunity at these levels, or could the stock fall further before a real recovery?
Let me know your thoughts below! đ
#NKE #Nike #StockMarket #TechnicalAnalysis #Investing
Nike's weekly chart shows a prolonged downtrend, with price now around $35.75 after falling from above $160 in 2021.
đ What the chart shows:
âą Price continues to trade inside a descending channel.
âą Lower highs and lower lows indicate that selling pressure remains significant.
âą The $35â$40 area is a level to watch for potential stabilization, but a reversal is not confirmed.
âą A sustained move above the descending trendline could change the technical picture.
đ My question: Is Nike becoming a long-term value opportunity at these levels, or could the stock fall further before a real recovery?
Let me know your thoughts below! đ
#NKE #Nike #StockMarket #TechnicalAnalysis #Investing
