NIKE: Confusing Numbers, Undecided ReactionNIKE, Inc. Class BNYSE:NKEHKCM_GlobalNike reported strong numbers yesterday. However the bigger picture reveals earnings built on sandy grounds. over two thirds of their total earnings per share were founded in a tariff refund. A one time effect, that isn't at all indicative of a stabilising in the still ongoing downward trend. Primary Scenario ADJUSTMENTS: We primarily see the stock in a downward move, with the low expected within the blue Long-Term Entry Range ($31.00–$22.15). After the correction low is established there, we expect a sustained upward move to follow. Alternative Scenario ADJUSTMENTS: Alternatively, it’s possible the price has already set its correction low, and that moves above resistance at $56.99 and $68.49 could happen soon (probability: 30%). Long-Term Outlook ADJUSTMENTS: On the daily chart, once the ongoing correction within our blue Long-Term Entry Range ($31.00–$22.15) is complete, we expect a sustained upward phase. This should gradually push the stock to new highs above resistance at $179.10.