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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.

https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html
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