Nike and Disney still looking OK
Both companies are supposedly Blue Chips with super strong brands. Both are despite the recent drawdowns still above longterm support levels (Disney 80-90$, Nike ~ 100$). Charts looking ok. What do you think?
#leofinance #nike #disney
Posted via D.Buzz
i would not compare to pre corona levels of support, since the business outlook is different now, there might be some room for them to get even cheaper, as capital costs rise, consumer are on a savings trip and both stocks are not necessarily gonna profit from the happenings around them.
Then you mix chart analysis and fundamentals. Both have to be considered when investing but chartwise only both stocks look better than many others.
Of course, I try to analyze both areas, because fundamentals dont change as fast as charts, when the market outlook goes down.
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I’d bet they both break this support level. I’ll do one for next weeks game!
I would bet Nike won’t, but who knows. 🤷🏼♂️