$NKE | Allocation | Market Exec & Buy Limit |
Technical Confluences:
- Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support)
- Price action is also at a Demand Zone
- Stochastics is at Oversold levels on the Weekly & Monthly TF
Fundamental Confluences:
- Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years
- Who doesn't love Nike; aside from Adidas?
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NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio.
The Nike brand will not die off that easily. Definitely, a value buy; for me.
Remember, DYOR.
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
- Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support)
- Price action is also at a Demand Zone
- Stochastics is at Oversold levels on the Weekly & Monthly TF
Fundamental Confluences:
- Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years
- Who doesn't love Nike; aside from Adidas?
________________________________
NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio.The Nike brand will not die off that easily. Definitely, a value buy; for me.
Remember, DYOR.
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
🔹Substack: substack.com/@silveredge
🔹Discord: discord.gg/tWQpZjRwCb
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
🔹Discord: discord.gg/tWQpZjRwCb
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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