NKE has bounced off lows near $32.14; the speaker bought it under the parallel low with a long time horizon and expects price to move up given how far it has dropped. That upside depends on Nike turning its narrative around with better China sales; resistances sit at $40, 43.34 and 46.16.

Another stock making a nice bounce off the lows. Look at this. Nike, man. Nike was down in the gutter, guys. Down at $32.14, Now, you can see here too, I've got a longer declining trend line on the chart.

Now, that's going to monitor uh the midterm up upside for Nike. Now, as you can see, we are way off the highs on Nike. So, if Nike can turn their narrative around, if they can have better uh sales over in China, that was one of the major reasons for this recent decline uh this year.

If they can turn that around, man, we're going to be barreling up on the charts of Nike. But first things first, near-term resistance going to be the bottom pivot here at $40. So, if we march up in the coming days, it's only less than $3 away. $40 will be the first stop.

Then a significant fib retrace here at 4334. Then the major line in the sand at 4616. It certainly can be done.

These are the sort of stocks I like to buy when they're down at the lows and nobody wants them. Doesn't mean I got to go out and buy Nike and dress myself head to toe in it. It's just, hey, I use these stocks as a vehicle to make money.

And that's what investors should look at. I don't need to buy my favorite company or my or or avoid my least favorite company. I just need to see if there's a good trading opportunity.

And I knew when it broke underneath that parallel, this low on the chart, I was picking up Nike. I was gobbling this up while we were under the parallel, thinking, you know what, my time horizon on this is a long time.

I don't care. I'll tuck this away in my portfolio, but the odds favor price action moving up considering we've dropped so much on Nike.