NKE at 52-Week Lows Oversold Giant or Value Trap?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.
