Aug. 28 at 8:37 PM
$NKE UPDATE 👟📈
NKE bounced +3% today and reclaimed the
$39 area, showing some short-term buying pressure.
BUT — don’t confuse a bounce with a confirmed reversal.
🔑
$40 = confirmation zone
🟢 Hold above
$40 + volume → bullish continuation becomes more interesting
🔴 Lose
$39 → momentum starts weakening
⚠️ Lose
$38.17 → fresh 52W low risk
Nike is still in a major turnaround phase, so I’m watching price + volume confirmation rather than chasing one green day.
My honest read: 🟡 Speculative bullish bounce, not confirmed reversal.