Aug. 9 at 8:43 PM
$NKE is starting to look like the kind of setup people notice way too late.
Monthly RSI just printed an all-time low around 24.
The last time
$NKE saw anything remotely comparable?
1984.
That was 42 years ago.
The biggest opportunities rarely look obvious when they appear. They usually look broken, hated, and risky.
By the time everyone agrees the story has changed, the easy money is often gone.
I’d rather study
$NKE before the crowd turns bullish again.
The market sees risk. I’m looking for the asymmetric opportunity.
Could this be the setup that eventually delivers a massive multi-year move?
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