NKECL trade ideas
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
$NKE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NKE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
How often with this price?No idea how significant inventory issue is, but clearly it can be fixed at some point in near future?
How often Nike sp at this price? No harm nibble a bit down here.
Strong pivot resume coincide with Fib 0.618, afterall a giant market cap of 131billion, no brainer.
NIKE: Continuation of Bearish Movement Ahead, Short Opportunity?Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook of NIKE!
NIKE has broken out of Ascending Broadening Wedge. Furthermore, The MACD indicator created a Death cross, indicating potential bearish movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/Resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Stock"
NKE - Strong Uptrend ContinuationGreen line shows the dominant bullish trend, this extends back for awhile
White line shows apparent downtrend, with a nice falling wedge to allow for the breakout to the upside and hence continuation
I expect price short term to rise back to dotted orange line, this is shown with bars pattern
Nike, just do itWith earnings coming in, even more of a bearish indicator is predicted for this winter
NKE shortLooks like wave 2 of wave 3 of the downtrend consolidating around point of control.
If breaks down will have a downward impulse wave.
NIKE - BULLISH SCENARIOThe downtrend for Nike Inc seems to be over. The American sportswear company got huge support at the $ 100 price level.
The 1st,2nd, and 3rd resistance levels are located respectively at $ 118, $ 130, and $ 140
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Just Long It...I am cutting this very fine as we're so close to where I have started the fork and it can become invalid fast - However we're being bold and playing this as a major low/bottom for now - blue lines should tag a reversal point in the future if this fork holds.
NKE AnalysisPrice is on an uptrend, creating sell-side liquidity. Price has mitigated the bearish POI at 117.61 and is currently retracing to the downside. We are still on a higher timeframe downtrend. I'm expecting price to go lower and take out sell-side liquidity before going higher.
DowntrendHere after the breakout with force the vwap indicator by a big red candle with a large red volume we will have a big probability of a downtrend so you can sell at the next red candle. Thanks.
AnalysisHi! On this chart we are in an uptrend and we are not going against this trend. We will wait until there is the break of the support line and the vwap with strength by a large red candle followed by a large red volume to hope for a downtrend.
Moreover, we must not forget that we can also have a continuation of the trend if and only if the resistance line is broken with force by a large green candle and followed by a large green volume. Thanks.
NKE is ready for BO NKE is getting ready for good breakout. NYSE:NKE
*Not an investment or trade advice. Solely my own interpretation. I opened a position for NKE on 8/9/2022.
Nike (pullback to make double bottom?)Looks like we may be entering into a corrective state of market structure. We have recently finished our second 5 wave impulse being that we are on a downtrend currently. We have been dealing with a bearish rally filled with good news from the media while there are still battles ongoing with rumors of war, inflation , supply chain issues etc. I could keep going but you get the point. Smart money is still being strategic about the manipulation so I wouldn't get too bullish . If this corrective wave is true, we would like to see a pullback into the B wave which should start a range for the new "ABC" correction before judging the next breakout. We have our stop loss set at the high of wave a to be safe and our target are at the 61%, 78%, and 100%, to account for either a "regular flat", "irregular flat", or a "running flat". Not advice of course! Let's see how this plays out going forward.
Thanks for the support! Remember, the better you is tomorrow but the current days needs enough attention to get you there!
$NKE Buy Above $107.10 or Sell Below $ 101.50Buy Above $107.10
TGT 1- $114
SL: $104
Sell Below $ 101.50
TGT 1- $ 95
TGT 2:- $ 93
SL: 104
Bad Bunny Nike is having a a sponsorship h¿with probably the most famous singer, and since it's shoes are selling pretty high it, I would probably go long.
NIKE, INCA beautiful, very strong and powerful climb as he penetrated the good price channel and in case of closing it over it we can see it at the specific viewing area that is considered a target
$NKE Analysis, Key Levels, and Targets - REQUEST$NKE Analysis, Key Levels, and Targets - REQUEST
I have no position here… just doing an analysis for my friend @Dirty_Money88
Interesting. First thing I see right away is MacD curling up… on the weekly… BUT also remember that macD is way under the centerline so still bearish, but with a bullish twist… Sentiment has been getting lower week over week…
It looks like the 200MA was defended… and the MA’s are moving up….
I'd probably sell some puts around 20 delta around here... 😏
AnalysisHi! Here, we have a breakout as you see on the chart the resistance line so we will have a high probability of an uptrend.thanks.
