Bad news for Nike, but analyst sentiment remains bullish

NYSE:NKE   Nike, Inc
Nike reporting an 11% decline in North American sales in FQ3; however, it is currently in a rectangle that should protect against excessive falls.

There are many supply problems, but the analysts continue to see it as bullish .

Resistance should lock the price as the price is still far enough away. It should touch that strong resistance in an oversold condition.