Nike
Nike Elliott Wave View: Further Upside Expected.Hello Traders,
NKE short-term Elliott wave analysis suggests that the pullback to $78.78 low ended red wave 2 pullback. Up from there, it ended red wave 3 at 09/21 peak (86.26). The Internals structure unfolded as a 5 waves Elliott Wave structure with a extend wave ((iii)). It ended black wave ((i)) at 09/04 peak (81), wave ((ii)) pullback at 09/05 low (78.78). Above from there, it ended the extended wave ((iii)) at 09/19 peak (86.09). Below from there it ended black wave ((iv)) pullback at 09/19 peak (84.40) and above from there it ended black wave ((v)) of red wave 3 at 09/21 peak (86.28).
Down from there, we are calling red wave 4 pullback complete at 09/25 low (80.69). The internals of that pullback unfolded as an Elliott Wave ZigZag structure which ended black wave ((a)) at 09/24 low (84.15), black wave ((b)) pullback at 09/25 peak (85.24). Below from there, it ended black wave ((c)) of red wave 4 at 09/25 (80.69).
As long as the pivot at 78.78 stays intact we expect NKE to extend higher and we don’t like selling it because the right side is to the upside.
Nike... What to do now??Nike will go down by approximately 3.5% today after quarter earnings. Wait until de drop is over which might take a few days. After it bounces back up at the 82.30 level, good opportunities will arrive and Nike has the space to go up and reach its ATH. The RSI is quite high. I except it to drop today so the price will go lower and you can take the rideee.
Nike Up 395 Points!!!Last post: September 6th. See chart .
Review: Price had pulled back below the support level.
Update: Price is now back above the support level and making new highs again and is up 395 points.
Conclusion: We will be looking for long opportunities when we see another breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Amazon shootin a jumper!Amazon bends at the knees as it prepares for another 3 pointer!
With the RSI cooling off and a nice healthy pull back to the April 18th Trend line, we are watching a nice healthy power play in the making. I see amazon shooting an absolute bucket with an easy 10% gain into 2100 territory. SWISH, once capitalized at 2100; plan to wait for another rebound off the trend line and prep the stage for nothin but net.
Thank you all for reading... now lets go get us that Trifecta!
**This is not professional advice. Please trade responsibly.**
Apple Not Beaten YetThis stock is featuring for the first time on our TradingView blogs.
Current setup: Beneath the previous support level but above the 50 simple moving average and the $80 round number.
Conclusion: Wait for a breakout above the previous high before attempting to go long.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Nike, second quarter earnings With second earnings this year coming up on Thursday and a market cap of $118.35 billion, Nike is expected to have revenue over a $9 billion, last time they managed that was in September 2017. The company had exceeded expectations for several quarters now.
On a technical side, the price tested level 76 for two days but got rejected from the overbought area. Now price is on the 50 SMA, potentially to test again the confirmed uptrend line. The chart looks really good technically so keep an eye on the earnings results for future price direction.
Happy Trading!
NKE 5-Day Ahead Prediction 04/30 - 05/04 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Nike Inc ( NKE ) have been plotted on the chart.
The method used in this prediction is Deep Learning/Artificial Neural Network based, and using complex mathematical models/methodologies to analyze and extract hidden time series features in vast amounts of NKE related data. The "trained" and optimized neural network then generates the multi-day ahead predictions which are plotted on the chart and given in the explanation below.
The expected 5 Day Change is 0.911 %
Predictability Indicator is calculated as : 0.689
Predicted 5-Day Ahead Prices are as follows:
Mon Apr 30 Tue May 01 Wed May 02 Thu May 03 Fri May 04
70.588 70.632 70.343 70.191 70.194
Please note that outliers/non-linearities might occur, however FinBrain's Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World Indices/ETFs/Foreign Currencies/Cryptocurrencies.
Long term trade on NIKEI entered NIKE on 55 USD - looking to exit at about 75, entry and exit is mostly on tecnical analyze, with the potential for growth with the new factory they setup back in last Quarter.
the full potential should see to blossom around the middle of 2018, but if it hits 75 before that I'll exit my position.
Nike as light as air ...Nike moves and moves strong, not only new products but also an excellent strategy behind it seems to be enough reason for investors to turn to see them.
It is very likely that will return to re-test his support and continue the ascent, however i going to keepan eye at the R&S level.
Will Nike have enough to beat its competitors especially Adidas?
Will see...
Best wishes to all!!