NKE
NKE - Just do itNike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56)
Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile.
Our profit targets will be 118.44 and 139.00
Resistance: 109.31 / 113.36 / 118.47
Support: 99.72 / 92.10 / 82.22
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$NKE: Bottom signal in the weekly chart$NKE has a very interesting basing pattern and reversal signal, according to weekly Time@Mode analysis here, while being down 40% from the top. A rare juncture, for a very valuable brand. Definitely an interesting setup here for mid to long term trade.
Best of luck!
Ivan Labrie.
NKE - SHORT TERM BULLISH SCENARIONike, Inc. is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. The company has a great history and is one of the most recognizable brands in the world.
Since the price reached an all-time high in November 2021 the stock tumbled more than 50 %
Possible short-term buy in the price channel.
Re-test of the support level of $80 is expected and, that will provide a better risk-reward ratio for the bulls with a target of the $ 100 resistance
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Nike is the New K-Swiss? Sheesh! A reach, or plausibly true?Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation.
Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game because of the social reward it brings.
The pandemic for sure snuffed that.
Kids love tablets. Kids love Fortnite. As a matter of fact everybody loves video games and social media, as the human game moves from social to individual based lifestyles. We're moving into a main character world society.
So I see Nike either becoming a pure fashion house which is crazy, or just becoming a ranging chart eventually priced to hit zero as Nike fades away.
I think for any of these legacy brands that can't keep up with a static high quality product that stands the erosion of time. Look at Hermes, the pricing on that stock is ridiculous, with neutral technical readings.
What do you think?
Green, potential growth - Nike acquires supply chain integration that
overlaps reseller industry while maintaining
green business model. A new shoe tech maybe . But what tech can nike implement into its approach that can really groundbreaking without setting a new pricing model for its products?
Yellow - Nike is still cool but can't seem to
shake new innovations by competitor
entering the space. might get stuck in a
outdated fashion model as 2 - 3 new generations
of humans entering grade school might think
nike is for lames. thats if kids even care about streetwear at
that point. Let's not forget with any trend, they end or restructure itself.
Trends are subjective to value by herd mentaility.
Red- Nike becomes the new K Swiss. I think this will also
correlate into the new interest of the incoming generations
whom all seem to be or will be metahumans.
generation meta. the generation that will only see value as intrinsic, but that's a maybe and very
speculative. Nike is only seemingly popular in social environments where it reigns supreme. The kids only like dunks.
Jordan branded nonndurables are just ehh.
Honestly when it comes to apparel brands, personally I don't see myself engaging any non durable seriously.
PS: Had to republish due to House Rule Violations.
Elliott Wave View: Nike (NKE) Incomplete Bearish SequenceNike (ticker: NKE) shows incomplete bearish sequence from the all-time high 11.5.2021 high as well as from 3.30.2022 high. The ideal and minimum target for this bearish sequence is around 77. The right side therefore remains to the downside and rally should fail in 3, 7, or 11 swing.
Near term, the Elliott Wave view on Nike (NKE) suggests that cycle from 9.13.2022 high is in progress as a 5 waves impulse. Down from 9.13.2022 high, wave (1) ended at 94 and rally in wave (2) ended at 99.89. Nike then resumed lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave 1 ended at 94.48 and wave 2 ended at 98.32. Wave 3 ended at 82.33, wave 4 ended at 86.20 and final leg lower wave 5 ended at 82.15 which completed wave (3). Wave (4) rally is in progress as a zigzag Elliott Wave structure. Up from wave (3), wave A ended at 86.47 and pullback in wave B ended at 85.25.
Final leg higher wave C is expected to complete at 89.5 – 92.12 area and this should end wave ((4)) as well. This is a 100% – 161.8% Fibonacci extension of wave A. From this area, the stock can resume lower in wave (5). Near term, as far as pivot at 99.9 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NKE - Strong Uptrend ContinuationGreen line shows the dominant bullish trend, this extends back for awhile
White line shows apparent downtrend, with a nice falling wedge to allow for the breakout to the upside and hence continuation
I expect price short term to rise back to dotted orange line, this is shown with bars pattern
NIKE - BULLISH SCENARIOThe downtrend for Nike Inc seems to be over. The American sportswear company got huge support at the $ 100 price level.
The 1st,2nd, and 3rd resistance levels are located respectively at $ 118, $ 130, and $ 140
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Nike (pullback to make double bottom?)Looks like we may be entering into a corrective state of market structure. We have recently finished our second 5 wave impulse being that we are on a downtrend currently. We have been dealing with a bearish rally filled with good news from the media while there are still battles ongoing with rumors of war, inflation , supply chain issues etc. I could keep going but you get the point. Smart money is still being strategic about the manipulation so I wouldn't get too bullish . If this corrective wave is true, we would like to see a pullback into the B wave which should start a range for the new "ABC" correction before judging the next breakout. We have our stop loss set at the high of wave a to be safe and our target are at the 61%, 78%, and 100%, to account for either a "regular flat", "irregular flat", or a "running flat". Not advice of course! Let's see how this plays out going forward.
Thanks for the support! Remember, the better you is tomorrow but the current days needs enough attention to get you there!
Ready for tomorrow? NKE prediction for the next few days This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend.
There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July.
The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
$NKE Analysis, Key levels & Targets$NKE Analysis, Key levels & Targets
Just an observation that since 1989, the 100EMA has been a consistent support for NKE. That would take it to 90.14 today, but that number might be different when it actually crosses…
I have my alerts set…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread).
With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium .
Opex a few months out will give this trade idea time to work and capture more premium.
If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread
Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months.
Cheers
NKELooks like we may be retracing from the previous C wave. Sell volume decreasing on the last two candles with some bull volume coming in on the current candle. RSI is in oversold territory on the weekly, daily, and 8 hour. Current candle is a flat bottom so far. MacD may also be losing momentum. The current candle has formed bullish right after an indecision candle at a support area. Strong wickage at this level looking back towards May 12th. Looking to see if we can retrace 1 to 80% of previous high a month or more out. Let's see what happens! Might be a good idea to wait until next week. The market been green the last two days.
What do you think? Let's have a great day!
NKE triggers SHORT opportunityNKE has settled below support with confirmation and is offering a decent risk/reward ratio @ entry.
This trade idea is trend favoring. I've detailed my ideal entry, stop loss and targeted areas on the chart.
I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
Nike sitting on 20-year support lineJust an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend lines that stretch back decades. Seems like a warning to those who are selling or shorting Nike at this level. Anyone feel differently?
Not financial advice.
Nike (NYSE: $NKE) Sprinting Toward Golden Pocket! 🏃NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, the company licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al