Nike Playing the Short Game? Nike - Short Term - We look to Sell a break of 143.08 (stop at 148.92)
Posted a bearish Flag formation. A break of 143.00 is needed to confirm the outlook. Closed below the 20-day EMA. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish. The sequence for trading is lower lows and highs.
Our profit targets will be 126.53 and 119.05
Resistance: 150.00 / 155.00 / 160.00
Support: 140.00 / 130.00 / 120.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Nike
NKE in a downtrend and possibly going to the gap fillLooking at NKE and seeing all kinds of bearish signs for the short term. It is currently under its 200MA and 50 MA, also below the 12 and 26 EMA (DAILY CHART)
Bearish case (short term)
This one is simple: A break below $144 could give sellers the chance to fill the gap created back on June 24th 2021
Below $144 I can see $138 being a real possibility if not the full gap to $134.82. Puts below $144 could work and be considered.
Volume is light. Less shares traded on 1/18 than compared to average volume of 5,815,975 shares
NKE has the demand on its product, but supply chain issues make it where they cant meet that demand. Earnings in March will paint a bigger picture as far as revenue and EPS
Bullish outlook (long term)
That said, I am short term bearish but long term bullish: "Guggenheim's Robert Drbul dubbed the athletic-apparel retailer his "best idea" for 2022 in a December 31 note, saying Nike "is rapidly embarking on the next era of its company history," which he expects to be "digitally led." "Drbul maintained a buy rating and a price target of $195 on Nike stock, which was down 1.8% Monday after gaining 18% in 2021." "Insider reported previously that Nike has been pushing into the future internet, called both Web 3.0 and the metaverse. Its push has included video games, the creation of a metaverse studio, and even a promised line of digital sneakers called CryptoKicks." I really like their effort to step into a newer market and expand. Nike is a staple brand that is not going anywhere. At 145 this stock is underweight.
$NKE - At level of interestJan 10. $NKE.
$NKE with a huge gap down today with the market. And it is right on my level of interest. I'm looking for it to either find support here and move back up or go down a bit, retest this level and go for $145 area and below.
If it heads back up from here, I will go long.
Or I will go short if it retests this level in the next few days and falls back down.
Bull flag - $35 Potential NKE Run Up. What will be the catalyst?Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do your own DD. What will be the catalyst for this move?
Nike analysis using volume profile. Where are we heading?Hi everyone,
Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action.
The stock made ATH early November and proceeded to sell off with the broad market in December.
At the day of earnings stock reached 155 level, which is just outside the Value zone .
After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain.
Now the way is up . 177-179 level should be retested soon.
Let me know what you think of this stock.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
Nice NIKE trade I don't wear them, I don't buy them but I certainly liked what their charts looked like. Refer to the related ideas linked below to understand the trading system I used for this trade
I bought 10 shares. Stoploss is ATR x3.
When it reached 3R. I sold 5 shares and let the remaining shares to run until price close below the EMA cloud. Currently its running up to 11%
$NKE Looking oversoldI like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex
30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades).
You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here
NIKE ✔️ : Volume Profile 📊 and Price Action Analysis 📋In today’s analysis, I will show you something similar as I am going to be talking about in the webinar.
I will show you how to use Volume Profile to identify the best trade entries for long-term investments. In this case, I will discuss the stock of the US company NIKE.
NIKE – Volume Profile Analysis
As many US companies NIKE is in the uptrend. One of the big reasons so many US companies are in an uptrend is that the FED is pumping free money into the US economy and this helps stocks to shoot higher and higher.
I am not a huge fan of buying a stock when it is at its all-time highs. What I prefer, is to wait for a pullback and then jump in.
A pullback to where? To heavy volume area.
The reason heavy volume areas are so important in an uptrend is that they work as strong Supports.
What they represent are places where the BIG trading institutions were adding massively to their Long positions.
When the price makes a pullback into such heavy volume area, then those BIG trading institutions will want to defend such zone.
Why Are Heavy Volume Areas Important?
Those areas are important for them. The reason is they placed a lot of volumes there. If the price drops below such heavy volume area, then their Long positions will go to red numbers. They obviously don’t want that. They want to make money on their stocks and they need them to go higher and higher.
So, what those BIG guys do is they defend such heavy volume areas. They also use them to add some more to their Longs as those places are places with huge liquidity.
All this makes the heavy volume areas strong Supports.
Heavy Volume Area On NIKE
Such a Support is also on NIKE. If you look at the chart (Weekly time frame) and use my Flexible Volume Profile there, then you should clearly see the strong volume area that formed there. This is our Support (starting around 137.00).
This is in my opinion the ideal place to jump in and participate in the uptrend.
Don’t enter at the all-time high. Wait for a discount 😉
The Volume Profile setup I used here is called the “ Trend Setup “. That’s a setup I use when there is a trend.
I hope you guys liked my analysis! Let me know what you think in the comments below!
Happy trading,
-Dale
Express break out #BullishExpress has just broken out on friday June 25th, to an intraday high of 8.98 and a session close at 7.10 and an after-market close at 7.22. With this massive spike in volume, a mother candle, the nike break out, and all indicators pointing to more growth; I am fairly confident this retail stock play will run next monday. I have attached support and resistance lines, as well as a fibonacci retracement.
Thanks,
Benjamin
A trading idea on Nike! 👀Hi everyone! Today’s trading idea is on Nike (NKE)!
It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next.
Second, the RSI shows an advanced breakout, and this is another confirmation we have here.
Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing. If it loses the support, we should get out. The target is the 138.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIKE Put Option Play - Ex-Dividend Expiration 5/28NYSE:NKE NIKE (NKE) Put Option Play - FRI 5/28
I hope you guys were able to capitalize on todays NKE Put option play. I had to wait it out but it did pay out a nicely.
OK, as many of you know, today 5/27 was the last day to buy NKE shares in order to qualify for Nike's dividend payment.
Those who were only holding for the dividend are able to sell tomorrow 5/28 and still receive their payment.
If you look thru NKE chart history you can clearly see a sell off directly after each qualifying date.
SNAP has ran up nicely ALL WEEK after being shorted/manipulated last week so that many CALL options would not cover.
I think with the potential inflation data looming over the market and it also being the end of the week, we are going to be seeing folks take some profits.
Tomorrow 5/28 the Personal Consumption Expenditures Price Index will be released.
This index is what is used by the FED as their preferred inflation measure.
If this shows that inflation is going higher than expected, it could cause the FED to act sooner and the market WILL react.
Taking into consideration these factors, I think it is likely we have a bearish day tomorrow.
Pay very close attention to futures and the 10-Yr bond yield tonight and before market open as this should give us a feel as to what type of day it will be.
Possible Option Play NYSE:NKE
Strike Price: $136-138 Put
Expiration Date: 5/28 or 6/4
Stop Loss: 40%
Notes: Watch price action & volume in pre-market. Make sure there is liquidity/open interest in the option.
This will be a quick in & out play as I'm anticipated a sharp gap/spike to the downside.
Open to all questions, critique and conversation. I'm a beginner and would love to know what you know and pick your brain.
Thanks for reading & happy trading tomorrow!
Disclaimer: This is not financial advice. These are just my ideas and notes on what I may do. NYSE:NKE