NIKE: One of the largest brands on this planet! BUY NOWNIKE: One of the largest brands on this planet! BUY NOW! 50% Upside Ahead
If you believe Nike is a dying company or will lose to HOKA, ON, and whoever else as the years roll on you clearly haven't studied Nike hard enough and seen the continued destruction of EVERY SINGLE brand to try and fight them...Adidas, Under Armor, Puma, New Balance, Asics, Brooks, etc. etc. etc. The LIST WILL INDEED continue.
This name is not a H5 Setup...YET. But, I'm adding it to my watchlist as we have a beautiful Inverse H&S, Sitting on a Volume Shelf, Wr% divergence, and a Hammer Candle which typically means a reversal of a downtrend. All on the weekly chart!
I believe that Value and Dividend names will be the hot ticket stocks in 2025 due to how beaten down they all are and so much treasury and high-interest savings money flowing into the markets, choosing this category of stocks to be on the safer side as that is the type.
Once we get the BULLISH Green BUY signal on the H5 Indicator, it's all over, and you will not see Nike at these levels, most likely EVER AGAIN! You all realize Nike has a large MOAT and is one of the most prolific brands on the planet, right?! Ok, good, I thought you forgot!
Will update once we get the flip to a BUY! Will begin adding in my LT portfolio now due to the value on this company at these levels right now though.
NFA
Nke_tradingsetup
The Trend Is Your Friend... NYSE:NKE
FROM MY PRESPECTIVE!!!
Recently it just bounced off of its' sloping support... Heading into earnings Running Uphill...
Where does it go from the bounce off its' support? You're right, Uphill Towards Resistance!!!
You see the numbers, make an educated decision and don't blame me... I'm just here sharing what I see... Please, tell me, what do you see???
I am comfortable with both 88C expiring 9/27 and 88C expiring 10/4, 3 days after earnings!!!
$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes.
Invest smart, invest hard.
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NYSE:NKE
a valuable oversold company!!! (Long)Strong consumer demand has been the main source of confidence in the world's largest economy in the post-pandemic environment. Even as the Federal Reserve embarked on its most aggressive monetary tightening cycle in decades, many economists argued that a soft landing was still possible, given significant pent-up demand for consumer goods such as shoes, clothing and cars.
But yesterday's report from Nike (NYSE:NKE) revealed that the strongest pillar of the US economy could be in jeopardy as consumers face a double whammy in the form of high inflation and rising interest rates. }}.
The world's largest sporting goods company told investors yesterday that it is grappling with a huge pile of unsold products, forcing it to offer aggressive discounts and squeeze margins.
On Thursday, the Oregon-based company said global inventories had risen 44% to $9.7 billion in the quarter ended Aug. 30. In North America, the company's largest market, they increased 65% compared to the previous year, mainly due to slowing demand and delayed shipments.
In this context, Nike will see its margins erode, falling between 200 and 250 basis points this fiscal year; the previous estimate was that margins would remain flat or decline by 50 basis points, at most.
The company's minimum considering targets on Wallstreet is $88 according to Tipranks. which the average cost of the shares is $114.
then we set the next objectives to follow according to the profitability of the company. (Let's go long).
Objectives:
tp1-$93
tp2-$103
tp3-$113
Nike Running Away?Nike
Short Term - We look to Sell at 136.07 (stop at 140.63)
Bespoke resistance is located at 140.00. Posted a Bearish Outside candle on the Daily chart. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish.
Our profit targets will be 119.93 and 111.01
Resistance: 140.00 / 155.00 / 160.00
Support: 125.00 / 120.00 / 100.00
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NKE time for reversal?$NKE 2HR CHART-
NKE had a nice double bottom and is currently going for that retest of the downtrend resistance (pink). Also has a nice gap fill at 132, eyeing the volume on the breakout for momentum to carry it to the next supply zone at 136. Under 125 would invalidate this idea.
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