NKE - Potential Long-Term Trend Reversal ZoneNIKE, Inc. Class BBATS:NKEalexei_erchovNKE is approaching an important long-term support area after a major multi-year decline. Price is now testing the VWAP anchored from February 2000 — the pink line on the chart. This could become an interesting area for a potential trend reversal if buyers begin defending it and price starts building a base. If the pink AVWAP fails, the next major support is the September 1993 anchored VWAP shown in green. Below that, the white line represents the IPO anchored VWAP, which would be the deepest long-term reference level. Bullish thesis: hold the Feb 2000 AVWAP → consolidation/base → reclaim of shorter-term trend levels could signal a larger reversal. Bearish thesis: decisive weekly close below the pink AVWAP opens the door toward the green 1993 AVWAP. For now, this looks more like a watch-for-reversal zone than an immediate buy signal.