Bad news for Nike, but analyst sentiment remains bullish

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Nike reporting an 11% decline in North American sales in FQ3; however, it is currently in a rectangle that should protect against excessive falls.


There are many supply problems, but the analysts continue to see it as bullish.

Resistance should lock the price as the price is still far enough away. It should touch that strong resistance in an oversold condition.

https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html