NKE Nike Weekly Chart; Falling Wedge; Oversold; Positive Divergence

In the sea of garbage charts these days, like Scamazon and Sapple, it appeared hopeless to find any ticker on the long side worth a look. Nike receives a bunch of negative publicity again after results were okay. Traders and investors have beaten this sneaker maker to a pulp. Nike was ridden hard and put away wet. Nike is shunned by everyone. It is Branded! Step forward Nike.

As typically happens, when you look at the charts, the real story is far different from the media diatribe. NKE is ready to rock 'n roll. It is set up with positive divergence so it is on the launch pad and all fueled up to explode higher in the weekly time frame. Even better, Nike is possie d across all indicators in the daily, weekly and monthly charts. Wow. That is really something. Nike has been bludgeoned badly in recent years but the worst is over and this stock is going to be one of the handful of winners from here as the year plays out. The falling green wedge is a bullish pattern typically from where stocks launch higher.

For anyone looking for a long to buy, buy NKE. There will probably be a bunch of folks running into buy it tomorrow and next week so do not dilly-daddly. It is fueled up and the fuse is already lit. She is going to fly. Since the broad stock market should pullback with a serious downdraft going forward, NKE may endure some more pain as investors beat the dead horse one more time. That will be great opportunities to buy. Choose your spots going forward but you can buy the dips on this one. Keystone does not own NKE long or short but will probably buy some long after a bit more time is given to see how the broad stock market flushes lower. Ugly Nike, the girl that no one wanted, that worked at the shoe store in the mall over the last few years, is now the most popular girl at the mall. Young folks do not remember malls. Complicated. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Sunday, 7/5/26: NKE rallies over +8% last week starting to receive the possie d rocket launch on the weekly basis. The Nike daily chart shows price on an island below 46-ish. There is a gap big enough for a blimp to fly through at 46-50. Thus, price likely has more juice in the daily time frame to snag 46. From there it has to make a bounce or die decision and an island reversal pattern would be on the table for a gap-up from 46 to 50. Otherwise, price will likely slowly travel higher and fill the 46-50 gap. The charts say a multi-week rally in Nike has just started and price would be expected to travel higher to 50 or more once traders see that it has bottomed. The monthly chart remains possie d, although the MACD makes an equal low, so NKE is a very attractive long in a stock market that displays nothing but sh*t and garbage as a historical top occurs.

Note Added Sunday, 7/12/26: NKE is at 44 remaining in the choppy sideways slop at 41-46 since April but the weekly chart continues looking bueno for multiple weeks of upside ahead. Put on your running shoes.

Note Added Saturday, 7/18/26: NKE is at 43.76 running in place. It looks good on daily and weekly charts.