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NIKE INC

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NKECL trade ideas

$NKE Short, clear divergence of RSI, and 9/21 crossover.Ticker: $NKE Investment Strategy: Short #RSI divergence from oversold #Crossover of 9ema and 21 ema. #MACD crossover and divergence. Fundamental analysis: Nike, Inc. (NKE) financials that may be helpful in conducting a fundamental analysis of the company: Revenue: Nike, Inc.'s revenue has been steadily increasing over the years. In 2020, the company generated revenue of $37.4 billion and in 2021, it generated $39.1 billion. Earnings: Nike, Inc. has been consistently profitable over the years. In 2020, the company had net income of $3.8 billion and in 2021, it had net income of $4.2 billion. Dividends: Nike, Inc. has been paying dividends to shareholders. In 2021, the company paid dividends of $2.2 billion. Debt: Nike, Inc. has a significant amount of debt. As of December 2021, the company had long-term debt of $8.2 billion. Market Capitalization: Nike, Inc. has a market capitalization of $152.3 billion as of January 26th, 2023. P/E ratio: Nike, Inc. has a P/E ratio of 34.7 as of January 26th, 2023, which is higher than the industry average. Business Model: Nike, Inc. is a multinational corporation that is engaged in the design, development, and worldwide marketing and selling of footwear, apparel, equipment, accessories, and services. Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.
NYSE:NKEShort
by Red_Green-TA
NKE | Long with Bullish Bias - Continuation Bullish Pannent Spot#Week10-11-Strategy-1&2 BULLISH INDICATOR (DEC 30) 1. On Daily Bullish trend with HH and HLs 2. Daily price action is respecting the bullish trending channel 3. On the 1h Chart Bullish Pennant continuation pattern was spotted. It is sideways but a bullish trend is expected to follow. 4. Price action is expected to stay sideways between FIB level 78.6% and 100% 5. Price action is testing a significant Resistance zone from daily charts between 116-118. If broken then bullish expected 6. RSI does not show any divergence. BEARISH INDICATOR (DEC 30) 1. Price action is testing a significant Resistance zone from daily charts between 116-118. So either it will stay sideways for the reverse for some time. PREDICTIONS 1. Due to the Bullish Pennant continuation pattern, the price is expected to stay sideways for some time before continuing the Bullish trend. BIAS 1 = LONG - PLAN 1 (Buy @ Market price) BIAS 2 = SHORT - PLAN 2, (if PLAN-A SL1 hits then anticipate to SHORT @ market price after re-checking the bearish indications) TRADE PLAN ———————— PLAN A: LONG @ Market price EN1: 116.24 (@ Market) SL1: 112.38 TP1: 119.85 - RR: 0.8 - Lt: 0.5 EN1: 116.34 (@ Market) SL2: 110.12 TP2: 125.45 - RR: 1.4 - Lt: 2 PLAN B: SHORT If SL1 of PLAN A hits, signaling reversal, Enter slightly below SL2 of PLAN A EN: 109.2 (Re-Check Values Again before entering the trade) SL1: ? TP1: ? - RR: 1.0 - Lt: 0.5 SL2: ? TP2: ? - RR: 1.4 - Lt: 2
NYSE:NKELong
by haroonraees
NIKE Inverse Head & Shoulders start the recoveryNike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash recovery. As you see even the 1D RSI sequences between the two are similar. It would appear that right now we are in the process of turning the 1D MA200 in a Support as in mid-June 2020. Two weeks after the price convincingly broke above the Right Shoulder and the rally stopped just below the 2.0 Fibonacci extension. If the current pattern repeats the 2020 one, then the 2.0 Fib extension will get the price to 155.00. That is just below the 0.786 Fib retracement from the All Time High. Right now the price is on the 0.382 Fib. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:NKELong
by TradingShot
NIKE: A POST EARNINGS PLAYNike reported earnings on the 20th after the market close. The stock increased by more than 12% the following day. The price of the stock revisited the resistance level that was rejected in June and August of 2022. Before the rejections, this level acted as a support as seen in March and April of 2022. In this chart, the support/resistance zone is marked by the yellow box. Additionally, this zone currently coincides with a VWAP anchored back to November of 2021. We observed that the price action rejected at both the anchored VWAP and the yellow box zone of resistance on December 21st of 2022. If price revisits this level, look for price action consistent with what we have observed in the previous rejections.
NYSE:NKEShort
by jasongoldman1
NKE hitting MAJOR clusterWhat an interesting chart. After price hit the 200 Daily SMA with a triple tap (divergence pattern), price has just arrived at a major support cluster where the Monthly Pivot, the 100 SMA and a previous support area meet. Below, the big round number 100 is waiting closely too. A pullback into the 200 Daily SMA during the current year*s dowtrend is usuaully foreshadowing more bearishness to come. But the big support cluster will require some sort of catalyst in order for the price to break below it. And since we are heading into the last week of trading this year, I don´t see anything on the horizon. A sideways drift seems likely. Below 100, the price will have quite some room thouhg.
NYSE:NKE
by Tradeciety
NKE - Could have bottomed?NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually. However, I suspect the eventual break will be more likely to the upside as the resistence turned support zone ($99-$103) has been holding up in the past few months, plus a bullish divergence can be seen in the monthly chart. Earnings expected on 29 Sep AMC. Guess we'll know by then where it is heading! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NKELong
by Juliac
1
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 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NKELong
by VantageMarkets
1