I’m not a fan of
$NKE sneakers, but I’m a HUGE fan of undervalued opportunities.
And right now, I believe $NKE is one of them.
Over the coming weeks, I’ll be looking to gradually build a spot position as the Cryptic Bottom Index continues moving higher.
It is already sitting in a region that has historically aligned with some of $NKE’s biggest MACRO BOTTOMS over the past 30+ years.
The fundamentals are weak. Sentiment is terrible.
But the POTENTIAL of a rebranding and turnaround is currently at its highest it's going to be.
Either $NKE continues deteriorating until bankruptcy, which I think i