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.
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