blue-chip

Value Model Portfolio Rebalancing EXIT (NYSE: NKE) and ENTRY (NYSE: MNSO)

Oct 01, 2024 | Team Kalkine

Read Time :5 min

Value Model Portfolio Rebalancing EXIT (NYSE: NKE) and ENTRY (NYSE: MNSO)

NKE:NYSE

Investment Type

Large-cap

Risk Level

Action

Rec. Price (US$)

MNSO:NYSE

Investment Type

Mid - Cap

Risk Level

Action

Rec. Price (US$)

1. Exit Case: Nike Inc

Overview: NIKE, Inc. (NYSE: NKE) is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA).

NKE has been a part of the ‘Value Model Portolio’ since 30 July 2024, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~18.95% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of USD 88.40, as on (30^thSeptember 2024).

Nike Inc (NYSE: NKE), part of Kalkine’s US Value Model Portfolio, has reached near its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 30 July 2024.

1.2 NIKE, Inc. (NYSE: NKE)

2. New Entry Case: MINISO Group Holding Limited (NYSE: MNSO)

Overview: MINISO Group Holding Ltd is a China-based holding company mainly engaged in the development, retail and wholesale of lifestyle and pop toy products featuring intellectual property (IP) design. The Company's brands include MINISO and TOP TOY.

Technical Analysis: The Relative Strength Index (RSI) over a 14-day period stands at a value of 59.43, currently upward trending, with expectations of a consolidation or an upward momentum once USD 16.50-USD17.50 important support holds. Additionally, the stock's current positioning is between both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term support and resistance levels respectively.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the closing market price of USD 17.54, as on (30^th September 2024).

2.1 Support and Resistance Summary as on 30^th September 2024

2.2 One Year Technical Price Chart (NYSE: MNSO)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (30^th September 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not consider the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.

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