NKE - Strong support plus real buying pressure
NKE Monthly
Everyone keeps trying to time the bottom on Nike, but nothing has confirmed yet. ❌
Yes, we’re trading at a massive discount. Yes, we’re approaching a strong volume shelf. But that doesn’t mean the bottom is in.
One of the biggest lessons I’ve learned in 11 years of trading is this: buying a discount means nothing without confirmation. I’d rather miss the first 10 to 15 percent of a move than catch a falling knife.
Right now, we need at least a higher low on the monthly BX Trender. Ideally, we wait until it turns green.
Strong support plus real buying pressure. That’s the combo we need before any serious move can happen.
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- AuntieAaA·2025-06-03GoodLikeReport