NKE: The Beat Was Fake — Why NKE Just Broke Down to 10-Year LowsNIKE, Inc. Class BBATS:NKEAlchemyMarketsNike posted a massive EPS beat this week — but most of it came from a one-off tariff refund, not the actual business. Strip that out and you get a company still guiding cautiously, still losing share in China, and a stock that closed at a 10-year low before the print even hit. In this video we break down the print, why management's own words did more damage than the numbers, and what the chart is telling us now that price has cleanly broken the multi-month $42–$47 range. We map out the key levels to watch on any retest, why this isn't a base yet, and the squeeze risk retail positioning could bring if that changes.