NKE for the long run The level of support rising indicates a potential bullish trend for NKE, my prediction is drawn on the green line. I suggest buying calls for the long run
NKE
NKE Double Top on Short-Term TrendDouble tops seldom decline steeply. The current price has not dropped through the top completion level. If it breaks through that support, the target downside run gain is around $78.
NKE kicking it to a new high despite crap earnings Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.
According to my chart, DOW should top out Wednesday. We'll see.
Just Dump It! :)Easy stop loss on the nke for a potential short play
seem to be a strong stock at the moment so be careful play small
Will NKE Push to $100? Last post: September 17th 2018. See chart .
Review: Price had just cleared $80 and was looking strong for further bullish action.
Update: Price instead pulled back to $67 found support, bounced and is now trading back above $87.
Conclusion: Patience needed until a break and close above the March high to suggest a bull trend continuation.
Sublime Trading
NIKE shortPublication of a negative quarterly report provoked a strong downward momentum and interrupted the recovery of stocks since the beginning of 2019. The development of the potential of the pivot point, as well as the height of the amplitude on the AO oscillator, speaks about the strength of the pulse. The breakdown of the previous fractal down at 83.70 - a signal to a further fall in stocks
hypothetical open, bulls need that pre market winlower low on the daily, 82 is a small drop below then 78 (ref:see oct 10) $XRT
NKE: Early reporting stocks set the tone for earnings seasonNIKE is reporting earnings today AFTER the market closes. How the stock behaves will help determine how to trade this earnings season as we can begin to determine which of the HFT algorithms are being used and the expectations of the pro traders on how they are managing the pre-news they receive ahead of the retail crowd. Currently there is no viable pre-earnings run setup. The stock is bouncing around the previous all-time high area, without breaking to the upside.
HFTs have been in this stock on earnings report days in the past. The report needs to be very positive this time. The next few charts I use for analysis will be about studying these very early reporting companies and the HFT algo reaction. Stay tuned…
NKE - LongEntry = 86.29 (also possible average down if it hits bottom channel trend line)
Target 1 = 88
Target 2 = 89.20
Stop = Daily close below 86.29
Trade is invalid if it breaks out before hitting support.
Also invalid if the pullback to support is caused by bad news.
Nike Could Lose 61.8% by March 2020 to hit 204 Month SMATime to short it with a stop $1.00 above all-time high
Nike's 204 Month SMA @ $28.00 vs Current Price of $85.00Do you think we can tag the 204 Month SMA by Q2 2020?
Nike - If Correct, The Daily Model Says Nike's Run is OverNKE didn't just blow a sneaker, that's it for the stock price if i am correct.
brschultz / markettimer777
NKE Do not burn your NIKES, even if they're running below trendThey could be dirty, cracked and stinky as hell, but they will always be Nikes.
Definitely, the trendline is calling to the price so it looks like we have a bearish movement here with some levels at $80.41, $75.62 and finally at $71.74. I'd be ok just with the second target. What do Wall Streeter boys think about? They have a target of around $85.61 a share, which of course that target has already been hit. However, also mine at $80.41.
Learn how to beat the market as Professional Trader with an ex-insider!
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
NIKE: EXPANDING TRIANGLE FOR ONE MORE DOWN?Nike seems in the middle of a correction. Looking to the previous gap up it could be going for the completion of an expanding triangle. If it fails on the break of the upper trendline i'm expecting one more wave down.
NKE: Earnings Out of Season, Topping with Strong SupportNike, the icon of footwear, reports today out of season which is not a good sign for earnings. The stock is not being traded heavily pre market, however, so the retail crowd appears to not know about this earnings report yet. The stock has already hit an extreme deviated peak in its business cycle after a fast-paced speculative run out of its prior bottom formed in 2016-2017. This stock is more fortunate than others. It has strong support close to its current price. The Cycle indicator has headed down to the center line and the stock should trough sooner than later. This is a weekly chart so you can see the support level easily. This stock is not a good candidate for a sell short due to this support.
Selling NIKE sharesOn the daily chart of Nike shares a bearish signal was formed - "Saucer" (beginning of the red zone one the AO indicator). Also, according to Elliott waves structure, the 5th wave should complete the current bearish trend. Going short in case of yesterday`s low breakdown.
Bearish gap fill then bounce for Nike (NKE) stock?Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal.
Let me know what you think in the comments.
Like this idea if you agree.
