Nike
Long

July 18: Generational buy opportunity

215
I believe NKE is at a generational buy opportunity, because the drop has now erased all the lows of all times and is the most oversold in the quarterly chart. Weekly chart shows the last pivot has also been erased and is at the buy zone. Price action-wise, selling has also stalled and is creating a hammer on the weekly. Further drop, if there is, will be minimal.

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