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Nike

Nike Climbs While The Rest Of The Market Dips.Nike has been off the radar for some time, especially since it started consolidating from December 2015 to May 2018. The trend following its breakout of consolidation has lacked the energy and momentum of the prior trend when Nike shares saw a growth of 612% from March 2009 to December 2015. The trend experienced its first pullback and made contact with the resistance turned support at $68 in December 2018 before slowly rising again. Then due to the recent global pandemic, Nike shares plummeted towards the support at $68 once again. We then saw a sharp increase in price, seeing a rise back above the 200 simple moving average and since then we have seen a linear trend in play. The market as a whole are experiencing pullbacks and Nike looks set to end the week pulling back itself. Despite this, Nike is outperforming the rest of the market at the moment. Nike has the daily 20 simple moving average below it at the moment which may provide support, then we have the 50 simple moving average as a second option for support. Nike remains at the top of our watchlist for the simple fact that it has started to trend well and may continue to do so for some time going forward. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:NKELong
by Sublime_Trading
Elliott Wave View: Nike (NKE) Breaks to All Time HighNike (NKE) has made another all-time high suggesting the bulls remain in firmly in control. Elliott Wave View of Nike suggests the stock is still within the cycle from March low as an impulse. Currently, the stock is within wave (5) from March low. The rally from March Covid-19 low to $117.42 ended wave (3). Pullback in wave (4) completed at $110.05 as a double three correction. Down from wave (3) at $117.42, wave W ended at $110.21, wave X ended at $113.84, and wave Y of (4) ended at $110.05. Wave (5) rally is now in progress as an impulse Elliott Wave structure. Up from wave (4) low at $110.05, wave ((i)) ended at $113.26 and wave ((ii)) pullback ended at $112.66. The stock then resumed higher in wave ((iii)) towards $116.21, wave ((iv)) pullback ended at $114.34, and the final wave ((v)) ended at $118.23. This also ended wave 1 of (5) in higher degree. Pullback in wave 2 is proposed complete at $114 as a zigzag. Down from red 1 at $118.23, wave ((a)) ended at $115.43, wave ((b)) ended at $116.91, and wave ((c)) of 2 ended at $114. Near term, Nike still needs to break above wave 1 at $118.23 to avoid a double correction in wave 2. As far as pullback stays above $110.05, expect the stock to find support in 3, 7, or 11 swing for new all-time high.
NYSE:NKE
by Elliottwave-Forecast
1
Nike - Still Open PositionChecking back in with Nike since our last analysis. If you check out our last Nike Post, the target hit our buy zone and we entered the position in the green rectangle on our charts. We're currently up around 5% on this one for a nice scalp trade if we wish to exit. Our initial target is still around $104-$105 mark. We're keeping a tight stop loss on this one in the profit already. Waiting to see if we dip back to our accumulation zone or take some profits. Follow us and feel free to give us a like for more posts. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:NKELong
by MannyLo
Nike - A SneakerHeads TA We're expecting a slight retrace in the whole market as it takes a breather from the crazy run it has had since the pandemic started. RSI levels went through the roof, the market is trying for a V shaped recovery, but we have what is expected to be the worst earnings season ever a few weeks out. Until then we'll most likely be jumping in and out of positions for quick swing trades. Taking a look at Nike. It has proven time and time again to be wary of shorting stocks with cult like followings (Apple, TSLA, Amzn, NFLX). Even when the numbers disappoint, consumers continue to use these stocks and praise the product defying financial statistics. Nike is no different and the SneakerHead following proves this. Even if we see a drop coming we would expect the cult to buy the shares back up. TA: With the above being said, looking at the TA, for the moment we'll be looking for a quick swing trade entry loading up between $90-$94 region with a tight stop at $88.50, taking profit at the $104 range where we got our most recent resistance. We see Nike has been holding the 55MA, RSI has fallen back into neutral territory, and the DMI and the TTM appear to be gearing up for a squeeze. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:NKELong
by MannyLo
1
Centauro CNTO3 Mantém firme o mês no azulUma tendência é chamada de tendência ascendente quando o preço continua subindo, e neste mês de Junho de 2020 podemos verificar que "popularmente" ela já está no azul. O grupo SBF, dono da varejista de material esportivo Centauro, teve uma explosão no preço da ação depois que comprou a operação da Nike no Brasil, contudo recuou tanto quanto nessa pandemia. Alguns odeiam o setor varejista, ainda mais nichos específicos, mas ninguém pode questionar o potencial a médio e longo prazo de uma empresa que detém uma marca símbolo do capitalismo - ninguém em sã consciência vai quer ficar de fora em uma possível retomada. Um breve disclaimer: isso não é uma recomendação de compra ou venda de nenhum tipo de ativo, apenas uma visão do momento atual deste papel.
CLong
by DanBTCbr
Triple bottom on Macy dating back to 1992 =o !!!! $MWhat is Macys? Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores The bull case? -The company has good profit margins for a retail. -The company has good debt to capital because they sold a lot of real-estate a few years ago. - Could get a dead cat bounce (lol) - I've noticed that Yacktman Hedge fund started acquiring over 20% of macy shares.( this is one of those long term investment companies, kinda like Berkshire and warren buffet style, they look for value) -Lastly they got a good online store and ladies love to shop! shopaholics gonna be shopaholics. (I mean that's why i invest in the market, so i can make extra money for my lady to buy stuff lol) The bear case? -retail sector has been going down hill -Corona shutdown gonna affect their revenue this year by 25% easily so we'll be looking at breakeven for them this year. we can bear case all day for sure but that's some of the main ones, so know your risk! So what's my play? picking some up around the $5 range, gonna add a trailing stop-loss at $1 below ( trailing stop means at $4 stoploss, if you don't know, just msg me)
NYSE:MLong
by WallSt007
2