We can see from chart that NIKE has fallen from its glorious days and fallen 70% from its peak in Aug 2021. It is still on a downtrend.
Could Amazon be its saviour for the next 6 months or so, especially Christmas and Thanks Giving Day ?
Excessive inventory build up seems to be clogging the system and drag the revenues down! Not forgetting there are many other brands competing as well. It will take some months/years before we see a decent recovery.
Since I am vested, I will just park this in my garage and monitor on a monthly basis. Not adding more nor selling.
Could Amazon be its saviour for the next 6 months or so, especially Christmas and Thanks Giving Day ?
Excessive inventory build up seems to be clogging the system and drag the revenues down! Not forgetting there are many other brands competing as well. It will take some months/years before we see a decent recovery.
Since I am vested, I will just park this in my garage and monitor on a monthly basis. Not adding more nor selling.
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Disclaimer
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.