NKE, "RUNNING-UP" soon to new highs! Wear Your Shoes now!
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NKE, "RUNNING-UP" soon to new highs! Wear Your Shoes now!
Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
The company boasts a consistent 20 years of straight price growth from 1999 to year 2021, until 2022 when the brand began to experience stalemate season which has stagnate price growth for more than 2 years.
Now based on recent data metrics, NKE is poised to get energized again and ready to RUN to new heights aided by rosier earnings and fundamentals. Last QTR earnings results (Feb 2024), the company exceeded expectation by registering an EPS beat by an impressive 29.73%.
Next earnings call is due on June 27, 2024, and there is an expected green output for this result as well.
As we approach the 2nd half of the year -- gearing towards the "BER" months where retail shopping is most active, NKE is bound to benefit on this season as it is projected to amass more growth in sales.
On our latest technical report, NKE is inching closer to the heatzone area, a breakout point. Once we break this area, expect price to get back to 3-digit and tap previous peak at x2, 180-200 range. It took the stock 2.5 years for this important trend shift to materialize.
Start wearing your shoes now, you will need it for the next RUN UP season.
TAYOR.
Spotted at 95.0
Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
The company boasts a consistent 20 years of straight price growth from 1999 to year 2021, until 2022 when the brand began to experience stalemate season which has stagnate price growth for more than 2 years.
Now based on recent data metrics, NKE is poised to get energized again and ready to RUN to new heights aided by rosier earnings and fundamentals. Last QTR earnings results (Feb 2024), the company exceeded expectation by registering an EPS beat by an impressive 29.73%.
Next earnings call is due on June 27, 2024, and there is an expected green output for this result as well.
As we approach the 2nd half of the year -- gearing towards the "BER" months where retail shopping is most active, NKE is bound to benefit on this season as it is projected to amass more growth in sales.
On our latest technical report, NKE is inching closer to the heatzone area, a breakout point. Once we break this area, expect price to get back to 3-digit and tap previous peak at x2, 180-200 range. It took the stock 2.5 years for this important trend shift to materialize.
Start wearing your shoes now, you will need it for the next RUN UP season.
TAYOR.
Spotted at 95.0
Giao dịch đang hoạt động
Long term data metrics update:
The last time I posted I hinted of an upside reversal but that was hindered by sudden fundamental news which trim down NKE price valuation heaviliy.
Now, after waiting for eons, NKE is re-attempting to reverse to the upside based on its long term data metrics. A favorite clue of mine, the 'maximum pessimism curve line' has surfaced. Usually when price goes overextended - at the end of it the curve, a breakout usually follows.
Expect some series of price growth from here on.
Spotted at 78.0
TAYOR.
Giao dịch đang hoạt động
Moving based on expectation now...Giao dịch đang hoạt động
NKE is has recovered most of its losses from tapping its recent lows.
A significant price recovery is expected for NKE as we approached retail / buying season this ber months.
Current price:89
Interim target set at 110
Long term 150.0
TAYOR.
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