Nike is a safe long-term buy due to extreme valuation lows and decade-old support, with upside potential of 20-50%.

And then Nike, I got to mention Nike here. Nike had a good day yesterday. Uh, today it's kind of just holding steady, but look at this descending trend line. Beautiful trend line. And the reason why I highlight Nike is because not only is it at technical support, but they have earnings Thursday after the bell. And so this is going to be interesting. Does the technical support and how oversold the stock is, does it lower expectations enough where essentially the stock can can bounce on earnings? Now, I don't think earnings are going to be spectacular. In fact, they might be downright nasty, but the stock is already showing us that it's downright nasty. And so, the question is, can they show a glimmer of light, a glimmer of hope? If they can, the technicals are telling me it might be due for a bounce. We'll see. Again, I'm long, but we'll see. Again, will I be right? Will I be wrong? You know, I lay it on the line for you guys. Absolutely.

And this graph, I love this graph. This is probably my favorite chart, and it's for Nike. Nike is recording extremely low levels, and let's find out how low they really were, guys. In what year was the last time Nike was rated this low ? 2014, 12 years ago, about 12 and a half years ago. It's truly unbelievable. For me , upon closer examination of the weekly chart, if the price is anywhere within this range, I like it . Isn't that so? Here you are entering a level of support that dates back a decade. Is that so? You can reasonably say so, ca n't you? Looking at the stock, let's say it has declined by what? 79% of its peak levels? You can reasonably buy it and keep it for a long period of time. And an upward movement of, as you know, 20 or 50%, right? Even a 50% return to the price it was 3 or 4 months ago is not entirely unreasonable. In addition, the stock pays dividends, so holding it effectively gives you an extra 1% every quarter. Isn't that so? This is a safe center. True, whether you love Nike or hate it, Nike will still be around in 10 years. That's right, and that's why I absolutely love this position as a long-term deal.