$NKE good Medium-Term entry (3/5)

10 ก.พ. 2022

Conviction: 3/5

• Hovering / bouncing off medium-term (2018) parallel channel support
  
• Hovering / bouncing off short-term (2020) price level support
  
• RSI-D looks like it is bouncing off from oversold levels
  
• RSI-W approaching oversold levels
  

Risks

• V expensive relative to own history, does not bode well for Long-term Returns
  
• Expensive relative to market (e.g. S&P 500 P/S is 3ish)
  
• Unimpressive growth
  
• parallel channel support broken during 2020