Nike (NKE): Analysis and Expectations Ahead of Earnings
We have analyzed this stock in the past privately, but we never published it, and it's a shame because we anticipated lower prices but have no proof of it. Still, we are looking for lower prices on 
NKE, as we are about to finish Wave 4, most likely between $93 and $106.
NKE will publish its earnings this week on Tuesday after market close. Heading into those results, the bar was low, as inflation keeps shoppers cautious.
Some analysts have said that even if those results come in better than expected, Wall Street's reservations could be hard to shake. However, others believe that with a new CEO on the way, investors might cut the company some slack.
So, the market might be ready for a push, but this sector is under much pressure as shoppers are finding it harder to spend money compared to previous years. It will be very interesting to followNKE and see if our outlook is correct or not. As shown in the chart, this scenario will be invalidated if the price breaks through $115.82.
We foresee a good entry opportunity between $60 and $50, where the most traded volume of the last 9 years has been.
We will update this stock when we know more. ✅
NKE, as we are about to finish Wave 4, most likely between $93 and $106.NKE will publish its earnings this week on Tuesday after market close. Heading into those results, the bar was low, as inflation keeps shoppers cautious.Some analysts have said that even if those results come in better than expected, Wall Street's reservations could be hard to shake. However, others believe that with a new CEO on the way, investors might cut the company some slack.
So, the market might be ready for a push, but this sector is under much pressure as shoppers are finding it harder to spend money compared to previous years. It will be very interesting to follow
NKE and see if our outlook is correct or not. As shown in the chart, this scenario will be invalidated if the price breaks through $115.82.We foresee a good entry opportunity between $60 and $50, where the most traded volume of the last 9 years has been.
We will update this stock when we know more. ✅
Professional Trading and Investing Group
Daily Stocks & Crypto Analysis | Daily Bitcoin Updates | Trading Challenges & more
Join us on:
Discord: discord.gg/ftPWbe8MJy
Telegram: t.me/+U7KhRNv61XczZmQ0
Daily Stocks & Crypto Analysis | Daily Bitcoin Updates | Trading Challenges & more
Join us on:
Discord: discord.gg/ftPWbe8MJy
Telegram: t.me/+U7KhRNv61XczZmQ0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.