Iron Condor Nike. for 28 June'24Relatively safe bet (no loss on upside) to profit from stable price before earnings on 27 June
Profit ratio is 26.8%.
expires in 14 days
Buy Put 83
Sell Put 89
Sell Call 103
Buy Call 104
NKE trade ideas
NKE potential buy setupReasons for bullish bias:
- Price bounced from support
- Strong weekly bullish candle closing at Support
- Bullish divergence
Entry Level(CMP): 92.85
Stop Loss Level: 87.79
Take Profit Level 1: 97.91
Take Profit Level 2: 104.59
Take Profit Level 3: Open
NKE earningscrossing trend line and lately have been dropping for last year
earnings expected to be good in june and should trend the price higher with this breakout
$NKE Potentially Consolidating, could test Looks like it’s consolidating but I like how it’s holding trend. And following through with RSI too. Might test the bear flag top. Lulu had some good international sales in China—with 35% growth in revenue over there. 3% growth in USA.
NIKE - Hawk'em Strat (jun week2) - buy Expect week of June first to hit currency on the negative side allowing stocks to rally up.
Strat shows a strategic (4.7%)/(5.5%) incline. nike's bullish statistical data suggests a short-term uptrend aligning with SEIIV Studio's statistical data which shows valid coordination in the fathering markets main objetive = 3.3% goal = Nike 5 day bull window
Reversal shows end of trade reversal goal. TP is forecasted as half of original reversal target of 5.7%
Webull Trading Plan :
week 2 of june
Strike price: $97
(buy order) limit price: 0.45
(TP) Limit Price: 0.97
stop Price 0.28
Contracts = 6
NKE broke out of a bear flag this weekHopefully we get that 20/50 cross that’s coming, too. Targets could be the bear’s top 95.88 or 97 based on trendline, or mental level 100. Not financial advice, just my opinoon
$NKE You need to ask yourself what you will do here My monthly trendline at $80, barely under weekly flag, bear flagging now but has a ton of horizontal level resistance, what will you do?
$NKE - It will have to decide soonNYSE:NKE Nike is getting tight inside the triangle. Currently trading along the POC volume support. There is a potential that it could resolve to the upside. Breaking out above 50DMA could give it a further momentum boost. 👀
Feel free to load up the truck on Nike NKE 🚀- Monthly channel low
- Demand recovering starting
- RSI supporting bull case
- Distribution phase is over
NKE closes the gap, I'm in :)189 days I waited for Gap Hesse to close in order to enter.
Now all I have to do is enjoy NYSE:NKE
Double Bottom forming?Possible double bottom here forming around the level 2 fib.
Use a stoploss please.
*this is not financial advice*
Nike Set To Lay off 740 Employees at Oregon HeadquartersNike, the world's leading sportswear manufacturer, has announced its plans to lay off around 740 employees at its global headquarters in Oregon. This move aligns with the company's cost-cutting strategy, which was disclosed in December 2023, with the aim of saving $2 billion over the next three years. The second phase of layoffs is expected to commence by the end of June 2025, as the company looks to scale back on specific franchises amidst an uncertain demand scenario.
In compliance with the legal obligation, Michele Adams, Nike's Vice President for People Solutions, has notified the state authorities that the second phase of layoffs would begin at the company's headquarters. Earlier in February, Nike had indicated that it would cut around 2% of its total workforce, which equates to over 1,600 roles. As of May 31, 2023, the company had around 83,700 employees.
Despite the announcement, Nike's shares rose marginally in after-hours trading, although they have declined by nearly 13% this year. Several companies in the U.S. and Canada have announced new rounds of layoffs to curb costs in the face of an uncertain demand environment.
In March, Nike warned that its revenues in the first half of fiscal 2025 would shrink by a low-single-digit percentage. The company's decision to downsize its workforce is part of its strategy to rein in costs, as it navigates through a challenging business environment.
$NKE LongNike has broken the visible downtrend and closed above it. This could still drop like a rock, but I'm long a 1/3 position here.
NKE 93.39The stock is moving in a descending channel.
In recent days, the stock is producing an invert head and shoulders pattern.
The stock is trying to get back above the 20MA.
Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close.
targets on the chart.
1sttarget: 100.00
2nd target: 110.00
3rd target: 120.00-122.00
$NKE - Showing resilienceNYSE:NKE I posted on March 31 that Nike R/R looks attractive.
Since then Nike chart showed resilience come back that defied recent interest rate worries and geopolitics.
The oscillators are also turning up signaling sentiment change. If it can break out of that descending wedge, it can run further to the upside.
The price targets from Mar 31 post unchanged.
Upside targets:
$97
$104
$110
$116
Risk:
$87
$NKE bulls are in dangerNYSE:NKE is breaking down under a MAJOR multi-YEAR trendline (white) extending all the way from late 2017. This trendline was support and is now resistance. This week, NKE bounced off September 2023 lows and is now the rising white trendline which is acting as resistance.
Bearish setup - if NKE continues to break down the first level of support is at 88.66 which is the September 2023. Interesting, flow indicates traders bought short-term and medium-term $90, $91, and $92 puts. The next major level is October 2022 lows at 82.50. Indeed, flow indicates that $168,265 worth of October 2024 puts were bought on April 10th, 2024.
Bullish setup - if NKE can reclaim the rising white trendline and base above it this would be bullish and signal a false breakdown. If this occurs, the primary target is gap fill of the March 2024 earnings gap down at ~$100.79. Indeed, on Friday April 12th, a trader sold at bid $1.31M worth of April 19th, 2024 puts. Another trader bought $61,500 worth of September 100 calls. Weekly RSI and Williams %R are extremely oversold suggesting NYSE:NKE has the potential to rally if it reclaims the rising white trendline.
Looking Bullish IMMEDIETELY on Nike!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$NIKE - Long$NIKE - interesting Trade. COVID pump 2x drop 50%. Still another 30% till COVID lows and 18.5% upside pre covid. NIKE is one of those names who wont vanish for another 50-100 years. It's the legacy US brand. Even a 3yr old can spot the Logo. Definitely in range for long term traders for DCA'ing this from here
NIKE - Just Buy It!Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term.
Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
In other words, its very unlikely that Nike will go bust and so any dips should be seen as a buying opportunity.
Our first point of interest is the structure level at 80. Ideally we break below that in accordance Elliott Wave Theory. We want to see wave C go below wave B.
Our ideal buy zone is the 60 level where we have the -27 fib extension. Once we come towards that region, we'll be looking for any bullish price action indicating a reversal and the start of the next massive bullish leg. If we go even lower than 60, then it's more of a reason to buy and load up!
We're looking for targets of atleast 200% as first targets. This trade is one to hold for the long term.
What do you guys think?
Goodluck and as always, trade safe@
nike long idealong position on nike ,
although I realize that opening a position in the middle of a triangle is not at all ideal, I could dare to anticipate a head and shoulder pattern with a target close to the maximums, obviously the uncertain situation on interest rates could influence the trend.
In any case, I believe that Nike is undervalued and it doesn't seem like a risky purchase to me on the long run .
$NKE LongI'm long $NKE. Breaking some key down trends. Looks like as good a time as any to get long. Here we go, I guess.
$NKE - potential for significant upsideNYSE:NKE Nike looks attractive to me as it has revisited the lower trendline. There is a risk that it could fall to $87.
However, considering the risk/reward ratio, the odds favor an upward movement from here.
Upside targets:
$97
$104
$110
$116
Risk:
$87
Beautiful buying opportunity for NKE?Look at it, its beautiful. It should continue to range within the wedge and we are currently at the bottom. Some 6 month out calls should do really really well as well as some LEAPS.
Buy buy buy buy!
