Bear markets usually end with capitulation and now we can observe signs of that for Nike. I usually combine the RSI and volume to identify capitulation bottoms. When price is aggressively oversold COMBINED with extremely elevated volume, it's quite clear that investors have thrown in the towel for that stock.
This is also supported by insider buying so clearly they believe things aren't THAT BAD for the company.
This is also supported by insider buying so clearly they believe things aren't THAT BAD for the company.
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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.