$NKE | Allocation | Market Exec & Buy Limit |

8월 12일

Technical Confluences:
- Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support)
- Price action is also at a Demand Zone
- Stochastics is at Oversold levels on the Weekly & Monthly TF

Fundamental Confluences:
- Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years
- Who doesn't love Nike; aside from Adidas?

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NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio.

The Nike brand will not die off that easily. Definitely, a value buy; for me.

Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.