$NKE just hit a 10-year low and the chart is brutal.
1984–2021: Ran from $0.10 to $179. That's +172,943%.
2021–now: Down 80% from ATH.
Just lost the $50 support. Next stops? $19, maybe $10.
Q1 revenue dropped 4% to $11.2B. Management expects high-single-digit decline for FY2027. Jordan Brand down mid-teens—they're cutting retro releases to rebuild scarcity.
Multi-decade bull market officially broken. Question now: does $50 get reclaimed, or are we headed to $19 and lower?
This is what a long-term correction looks like after decades of dominance.
1984–2021: Ran from $0.10 to $179. That's +172,943%.
2021–now: Down 80% from ATH.
Just lost the $50 support. Next stops? $19, maybe $10.
Q1 revenue dropped 4% to $11.2B. Management expects high-single-digit decline for FY2027. Jordan Brand down mid-teens—they're cutting retro releases to rebuild scarcity.
Multi-decade bull market officially broken. Question now: does $50 get reclaimed, or are we headed to $19 and lower?
This is what a long-term correction looks like after decades of dominance.
