NIKE INC. SHORT📈 NYSE:NKE SHORT H4
🛒SELL BELOW = 110.40
🎯Target1 = 106.10
🎯Target2 = 103.40
🎯Target3 = 99
🛑Stop loss or cancel trade = 117.55
🙈Recommended risk = (1%-2%)
#NKE #NKESHORT #NKESELL
Nke_analysis
NKE- Long set upNike has been in a strong trend. Just broke out of previous highs of Feb and may run higher. Nice set up. There is a trend line resistance coming up on higher time frames but if market breaks to new high. Nike which has been trending strong will go with it.Just an opinion. Please do your homework before trading or investing in any financial asset.
NKE declined quickly could rise just as quickly We have seen a support form at 93.60
Resistance has formed at 104.50
We saw from June 10th to 15th a decline of about 8%
We see the same decline only in 1d
If we look at the past we can predict a quick jump in the future
Take profit at around 101 to 104
Stop loss at 93 dollars to give us a little buffer between the support
Buy early Monday morning or set a buy limit of 96.00
Good Luck MoneyTradingCrew
Please like and follow
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
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 Stock Analysis: Bulls Not in the Clear Yet...Conclusion for today’s Analysis: Price closing above the September 21, 2018 high of $85.98 indicates resumption of the bullish trend in Nike.
Over a year and 2 months of price action is covered in today’s Nike stock analysis using a 6 hour timeframe.
The previous bullish price channel lasting over 11 months was broken to the downside, with price retracing to ~$66.45.
Bullish momentum resulting from the above mentioned price level is yet to break above the previous high of $85.98 reached on September 21, 2018, therefore implying patience on entry of any long (buy) position that will be considered very conservative.
$60.55 is used as the lower price level for support indicated on the chart with the upper boundary being $66.45. A break below $60.55 in this case indicates resumption of the sell off from September 21, 2018, with lower prices to be expected.
A bearish channel (tentative) drawn on the chart needs to be monitored if Nike does indeed fail to close above price high of $80.96 established on Friday, the 18th of January, 2019
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.
NKE @ daily @ worst dow performer `16 (-18%) turned around ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
DOW JONES Index incl. all 30 Shares (2016 Yearly Performance) @ drive.google.com
Best regards
Aaron
