Europe is collapsing China slowdown
NKE will trade around 70 on Fri
Sentiment: Strong Sell
I see support at 79-81 ...
Almost 2/3 of revenus are outside US and the world is slowing fast...
Guidance should be bad ...
I think the divestment of the two parts of Nike will play a part in the earnings...and stronger sales than expected in the olypic quarter. good luck
If it falls, support will likely be around the 83-86 mark, not the 70s unless this report combined with guidance is horrible.
I think NKE will miss and reduce guidance
situation is very bad around the world