I think $NKE has bottomed and is higher into Sep/Oct. It held 38-39 well and we’ve talked about this in previous breakdowns. If it did go to 35, thats still a long, this is not a no revenue company.
You can see if we base above these PBZ’s we’ll see a slow staircase up to that 44-45 node with all that long gamma dampening the move. But you’ve seen other consumer stocks like $ANF shoot up.
Obviously DYOR, but risk is still to the upside in my opinion rather then trying to take more meat off a destroyed bone to the downside. NFA. + Calma.
