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Nike
Long

$NKE good Medium-Term entry (3/5)

By asdf098
Conviction: 3/5
  • Hovering / bouncing off medium-term (2018) parallel channel support
  • Hovering / bouncing off short-term (2020) price level support
  • RSI-D looks like it is bouncing off from oversold levels
  • RSI-W approaching oversold levels



Risks
  • V expensive relative to own history, does not bode well for Long-term Returns
  • Expensive relative to market (e.g. S&P 500 P/S is 3ish)
  • Unimpressive growth
  • parallel channel support broken during 2020
buyfebruaryfebruary2022OscillatorsParallel ChannelSupport and Resistance
asdf098
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