I'm looking at Nike for a while now and it's a really interesting chart, we have been in a downtrend since 2021 and the stock has lost quite a lot of value due to inflation, tariffs and rising competition. Nike's leadership has changed and a new CEO has been leading the company for a year now. Also big money has started to accumulate Nke stock like Tim Cook and other players (DYOR). The stock has also hit a strong demand zone (blue box on the chart) where we've seen quite a lot of buyers come in the market and the volume also shows that. I've started to buy the stock and will acumulate it until we either go up or break the blue box which is the demand zone.
Trade active
Forgot to type this in case the blue box breaks and I see that there is no strength I will start to exit my position 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.