2016 was a tough year for Nike, will 2017 be nice?


Last night was the starting of a new trading day. All my stocks were going strong except for my casino investment in Wynn.

This week i am going to look at Nike. Daily technical show bearish, but rejected the 50 multiple times. Monthly and yearly view is oversold. Hence i will say not undervalue but Nike is in great value now.

It have a strong moat like what buffet like. Still a market leader in sports market despite fierce competition from Under-amour and Adidas in the past few quarters.

3 options

Enter the market now – 50 range

Enter half position now and enter 2nd position if it drops to 40

Wait till it drop till 40-45 range

Entry point will be 50 for me

Short term TP – 60



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