Damn you KaepernickWicked H&S forming, bulls struggling to break previous support $82.5 level, now tough resistance
Nike
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
Bearish Div 1W | Nike Inc. | Short ATHRising wedge bearish pattern
Bearish divergence on the weekly!
__________
Now is a good time to apply the principle.
Sell High.
Trade set-up placed.
SL 5%
A break in parabolic bull trend should retrace to 200SMA
Safe 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
NKE bull flag breakoutAfter consolidating for a month after a big earnings beat Nike looks poised to breakout out of the bull flag.
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.
Daytraiding with Nike. Triangle Setup
We enter the breakdown, the levels will be fixed later, now it is the edge of the ascending Pitchfork Andrews
Nike H&SDeclining MACD, EMA cross, Ichimoku cloud looks bearish... Think Nike could be headed for a rough couple months.
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!!
NIKE (NKE). Another drop after sideways correction.Nike is in a large flat correction (WXY), it lasts from Y2015 and could finish only as early as next year.
Another drop down in wave Y would finish it.
Target = white rectangle = 49.01 (end of wave W) or 42.13 (Y=W).
Sep 26 Earnings: Nike - Reversal in PlayAfter several lackluster quarters on behalf of soft North American sales, the company's strategic efforts have regrew sales potential.
Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth.
I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance.
I have a $58 to $60 PT for the post earnings move, lasting 30-60 days.
NIKE BUYING THE DIPI have read alot of good things about Nike and its been on my watchlist again since the last earnings report. I saw alot of people recommending to buy it around 60$ but in my view it was simply too expensive up there.
Now that we got this gap lower, in reaction to bad foot locker earnings i am using this dip to buy Nike with a tight stop below the last swing low.
I recommend reading this piece, it puts it quite well:
Investorplace Article about Nike
Anyway when technicals and fundamentals come together like this, for me this becomes a conviction buy, but never without a stop.
Now to the technicals:
Main trend is obviously to the upside, and then market entered into this big consolidation period, and now in my view it is more clear to see that we are forming a big bottom pattern, that might resolve to the upside.
There is also a potential S-H-S pattern setting up.
Targets would be around 60$, 65$ and finally 70$ but this is of course more longterm. Shortterm i am seeing 60$ area as strong resistance, that bulls need to take out for a move into 65$.
Imho moves below 51$ would invalidate this trading idea, so as always trade with care and don't fall in love with a position, but stay rational and trade your plan.
Blessings
NKE Bullish PennantLooks like a bullish pennant has been forming over the last few weeks since the gap up at the end of June. Clear resistance and support lines converging, I'm expecting it to breakout and follow the bullish trend. Looking at a price expectation at around 63.00 in the future.
Resistance Zone - Preparing for earningsNKE bullish run started following the completion of a bullish Bat and re-test of a broken channel.
Now NKE reached a weekly resistance zone.
Here are two scenarios to monitor towards earnings
