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NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE here: or reentered here: Then you should know that NKE is currently trading at $109.52, and based on the following analyst ratings, there is a slightly bullish sentiment surrounding the stock. Barclays has maintained a Buy rating on Nike, setting a price target of $127.00. Additionally, Goldman Sachs also maintained a Buy rating on the stock, with a higher price target of $144.00. Furthermore, Wedbush recently raised NIKE's Q4 2023 earnings estimates to $0.73 EPS, indicating positive growth compared to the previous estimate of $0.69. These analyst ratings and revised earnings estimates suggest a slightly positive outlook for NKE. Now Analyzing the options chain of NKE NIKE prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 9/15/2023, for a premium of approximately $6.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:NKELong
by TopgOptions
2
Nike is about to accelerate its rise !Nike is about to accelerate its rise ! This chart shows the weekly candle chart of Nike stock for the past 4 years. The graph overlays the 2020 bottom to top golden section. As shown in the figure, Nike's stock took shape from the bottom of 2020, and after peaking at the end of 2021, it fell significantly! The two recent lows happen to be the 0.500 and 1.0000 positions on the bottom of the Golden Divide. In the future, Nike's stock is likely to continue to strengthen!
NYSE:NKE
by Think_More
Nike potential Cup and Handle after nasty fall T - $138Potential C&H is forming on Nike. It's definitely too soon to execute trades based on the week upside in the last few days. We need the price to break above the Resistance of the previous M Formation. This one requires a bit of patience because anything can happen at this rate. Either it can form a C&H, W Formation, Scallop. Or it could fail and drop further if we don't see strong buying activity from Smart Money. We'll have to wait and see. Mixed MAs RSI>50 Target $138.11 ABOUT THE COMPANY Nike, Inc. is an American multinational corporation that is one of the world's largest suppliers of athletic shoes and apparel. Founding: Nike was founded in 1964 as Blue Ribbon Sports by Bill Bowerman, a track-and-field coach at the University of Oregon, and his former student Phil Knight. Name Origin: The name "Nike" was adopted in 1971. It comes from the Greek goddess of victory, Nike (pronounced "Nee-key" in Greek), symbolizing the company's goal to associate its products with victory and success. Swoosh Logo: The iconic "Swoosh" logo, representing the wing of the Greek goddess Nike, was designed by graphic design student Carolyn Davidson for a mere $35. First Shoe: The first shoe with the Swoosh logo was a soccer shoe named "Nike," released in 1971. Public Listing: Nike went public in 1980 and is listed on the New York Stock Exchange (NYSE). Global Brand: As of 2021, Nike operates in more than 170 countries around the globe. Revenue: In its 2020 fiscal year, Nike generated over $37 billion in revenue. Sponsorships: Nike is well-known for its endorsement contracts with high-profile athletes like Michael Jordan, Tiger Woods, Serena Williams, and LeBron James, among others. Air Jordan: Nike's Air Jordan brand, launched for Michael Jordan in 1985, has become one of the most successful and iconic shoe brands in history. Innovations: Nike is known for its innovative products, such as Air Max, Nike+ (a collaboration with Apple), and Flyknit shoes. Just Do It: The "Just Do It" campaign, launched in 1988, has become one of the most famous and effective marketing campaigns in history.
NYSE:NKELong
by Timonrosso
Nike to turnaround?Nike - 30d expiry - We look to Buy a break of 109.31 (stop at 105.31) The primary trend remains bullish. This is currently an actively traded stock. The stock is expected to outperform in its sector. We are trading at oversold extremes. Prices have reacted from 102.90. The bias is to break to the upside. Our profit targets will be 119.31 and 121.31 Resistance: 109.10 / 113.00 / 116.00 Support: 105.00 / 102.90 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NKELong
by VantageMarkets
NIKE is making a bullish break-out targeting $155.00Nike (NKE) broke above its Falling Wedge, which based on the huge rally since October, is the technical bull flag pattern for a bullish continuation. The very same break-out was seen on July 29 2020. Both sequences formed Inverse Head and Shoulders patterns and 1D Golden Crosses. Even the RSI formations are identical. The 2020 one targeted the 2.0 Fibonacci extension. That is not at $155.00 and that is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:NKELong
by TradingShot
Nike -just did it. NKEMomentally descended back from OBOS. Plentry of space to descend. Internal formation consistent with a Wave A on fibtime - this is unlikely to be an isolated move in the bounce from previous heights. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:NKEShort
by Rykin_Capital
NIKE: Bullish Flag, Possibly Beating Earning Estimate Again?Price Action Analysis on NIKE, Inc On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area. Fundamental Drives - China sales rebounded further due to ending its zero covid policy. - Improving earning report, potentially beating earning estimate again. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NKE"
NYSE:NKELong
by financialfreedomgoals101
SHORT NIKE.NIKE seems to be loosing its bullish momentum after breaking below a major support to what appears to be a retest (or bear flag) to continue to the downside. This can be supported by the smaller time frames (15m) price action as price is failing to make higher highs and is failing to break and close above what is now resistance. Gaps usually are filled but sometimes the levels created by the gap can cause a bounce so be cautions if shorting early and or have runners prepared incase the gap decides to fill.
NYSE:NKEShort
by CJITM
NIKE Inverse Head & Shoulders start the recoveryNike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash recovery. As you see even the 1D RSI sequences between the two are similar. It would appear that right now we are in the process of turning the 1D MA200 in a Support as in mid-June 2020. Two weeks after the price convincingly broke above the Right Shoulder and the rally stopped just below the 2.0 Fibonacci extension. If the current pattern repeats the 2020 one, then the 2.0 Fib extension will get the price to 155.00. That is just below the 0.786 Fib retracement from the All Time High. Right now the price is on the 0.382 Fib. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:NKELong
by TradingShot