NIKE MUST PULL BACK

- Nike stock has dropped close to 20% - Stock metrics (P/S, P/B, P/E), hedge fund buying, and analysts say it's oversold - Looking for confirmation of uptrend on 5 min chart to go long - If market tanks and fear remains, could drop to $60 - Consider buying call contracts - Will update with gains/losses

🚨 Reddit sentiment: mixed - Comments are both bullish and bearish about $NKE’s future performance, but there is no clear majority leaning towards either sentiment. Summarized comments: - Mixed feelings about $NKE being a buy at current levels - Some users believe $NKE is oversold and anticipate a rebound with upcoming sports seasons - Comparisons made to other stocks like NFLX and SNOW that took months to recover after earnings miss - Mention of price to sales ratio being below Covid's low - Discussion on cheap options (calls) being bought for $NKE - Skepticism about $NKE’s quick recovery based on past performance - Some users think other brands like Abercrombie and Fitch have performed well and hope the same for Nike Stock tickers discussed: $NKE