Nike (NKE) can be a very good buy down around USD 60.00 - 65.00

٦ يوليو

Technical Analysis of Nike Inc. (ticker on NYSE: NKE)

Nike (NKE) is in a long-term downward trend, showing a very weak development.

Then we know the saying 'Never try to catch a falling knife', and you can safely say that about the Nike share here now.

According to the long-term falling trend that the share is moving within, a further fall towards around USD 60.00 - 65.00 is indicated.

Preferably within the next 1-3 months.

Naturally, there will occasionally be some rebounds, but the trend indicates that the share will likely fall towards USD 60.00 - 65.00 within 1-3 months.

So well worth keeping an eye on Nike stock going forward, and if it comes down to the bottom of the long-term downtrend, around USD 60.00 - 65.00, then it might be worth trying an investment in the stock around that level.

Yes, Nike is not going bankrupt, so to speak, but the company has had its challenges to contend with in recent years, and down to USD 60.00 - 65.00 the share can be an interesting investment, the undersigned believes.

After all, Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales.