Keep an eye on Nike (NKE).
After gapping from about $122.50 to $100 a share, the stock appears to have caught strong support. It’s also over-extended on RSI, MACD, and Williams’ %R. The last time it slipped to this price, it bounced to $122.50 a few weeks later. We’re hoping for a similar recovery again – especially with a good deal of negativity priced into the stock.
Analysts at Morgan Stanley just raised their price target on NKE to $125, with an overweight rating on the stock. In addition, Goldman Sachs said NKE is a buy, with a price target of $139 a share.
As noted by Seeking Alpha, “The Goldman Sachs view is that valuation already reflects the concerns over market share growth from select competitors, wholesale channel pressures, and fading tailwinds from select growth drivers. Tailwinds from DTC growth and opportunities for Nike to see strong margins in China are expected to line up with some easier comparisons in the quarters ahead.”
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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