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NKE - Nike: How About Now? Nope - Not Yet And Here's Why (Technical Analysis)
Nike Inc.
2024-07-01 11:52:02 ET
Summary
Nike stock is currently not a compelling buy due to overvaluation and lack of growth potential.
Our methodology suggests a potential bounce from current levels, but a larger downside move to $60-$62 is then expected.
Avi Gilburt emphasizes the importance of market context and price projections for making successful decisions in any financial market, including stocks like Nike.
By Levi at Elliott Wave Trader; Produced with Avi Gilburt ...