NKE Supply chain in Vietnam, but widespread fear for a stock that could have a big rebound, depending on whether it loses much more in the next week or two.
Advice? Live to fight another day and don't burn your money; wait for an opportunity.
NKE 63 still looks good, will consider a long position when relief rally bring this to around 66 then double bottom here; otherwise im looking at sudden drop to 60 with volume showing capitulation for a bounce to 66 within one trading week.
NIKE this stock is sinking. The company has just too much competition out there now that is better, and they aren’t doing anything innovative. Not to mention the trade war smack they’re about to feel
NKE if you invested $1000 in Nike in 2018, you’d have about $1050 now. 7 years for almost zero return on the stock - but factoring in inflation you’d be down 25%. That’s unbelievable.