Having lost about 70% of its value since it peaked, shoe-maker Nike (NKE) has enjoyed a bounce in recent weeks thanks to the cessation of the trade wars. I would like to emphasize that the massive top is still intact, with an important price gap at 64.16:
The longer-term picture shows how powerful the downtrend has been for years.
And it’s not for nothing: a glance at Slope’s earnings history page illustrates how “peak Nike” seems to be in the rearview mirror.
