Nike is a blue-chip name going through a rough patch. But this recent dip, fueled by disappointing earnings and macro uncertainty, could present a classic oversold opportunity. The stock is now in a high-probability reversal zone where risk/reward becomes extremely attractive.
🎯 Updated Entry Plan:
$58.00 – Soft support zone; start building a position
$53.00 – Close to the 52-week low; likely strong bounce area
$50.00 – 49.00 Psychological round number and historical demand zone
📈 Target Levels
Profit
TP1: $68
TP2: $77.50
TP3: $88.50
Pro Tip: Nike doesn’t stay down forever. The brand is fundamentally strong. This is not a growth story right now, it’s a value + patience play.
📢 Disclaimer: This is not financial advice. Always do your own research, manage your risk, and never risk more than you’re willing to lose.
🎯 Updated Entry Plan:
$58.00 – Soft support zone; start building a position
$53.00 – Close to the 52-week low; likely strong bounce area
$50.00 – 49.00 Psychological round number and historical demand zone
📈 Target Levels
Profit
TP1: $68
TP2: $77.50
TP3: $88.50
Pro Tip: Nike doesn’t stay down forever. The brand is fundamentally strong. This is not a growth story right now, it’s a value + patience play.
📢 Disclaimer: This is not financial advice. Always do your own research, manage your risk, and never risk more than you’re willing to lose.
Trade active
TP1: $68 REACHED and almost TP2Note
TP2: $77.50 REACHED 
Related publications
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.
Related publications
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.