Nike Inc

NKE is in an early Stage 1 consolidation after a terminal washout and qualifies for mean-reversion, creating a medium-term bullish asymmetry despite a longer-term downtrend. Price has stabilized above repaired 9/21 EMAs within a tight range but is capped near the range top. Under a Dividend Growth framework, we defer execution and wait for a shallow pullback into dynamic support for optimal entry.

• ↑Wholesale revenue up 24% YoY in North America, driven by better partnerships and inventory.
• ↑Running segment logs double-digit growth for five straight quarters, fueling overall revenue.
• ↓Greater China revenues down 20% in Q4, reflecting weak regional recovery.