Is it headed for next bounce back ?Because of the current market situation not sure where the market is headed.
If no sharp pull back then it looks Nke wants to move to next level up
NKECL trade ideas
Bearish Ingulfing + Wedge+ Bearish Divergence Bearish Engulfing + Wedge+ Bearish Divergence indicating a deep drop with NKE we just need breaking down the upper trend on weekly chart for the confirmation, it would be nice to hold an option put position
Nike to $175 by end of MarchI have 2 possible counts for Nike.
The first count in blue indicates is an extended W3 to the 2.618 level with a current W4 in progress. We are right around the 23.6 retracement for W4. A shallow W4 retracement makes sense due to our extended W3, and the RSI and Stoch RSI on the daily chart are both oversold. This setup looks primed for a reversal to finish a W5 which, if extended to 38.2% above the W3 high, would result in a final projection of around $175 by March 23.
The second cound in white models the beginning of a new cycle (follwing on from the completion of the first cycle in orange). This count indicates a wave 2 retracement which has nearly reached the 61.8% pull back, and is ready for a reversal for wave 3 which would take $NKE to $177 by march 23.
Both counts indicate a reversal, and the RSI/Stoch RSI support this thesis. The pitchfork created by connecting the March lows to the June highs and the June lows gives a channel with multiple reactions off the median, the 1 and the 1.618 lines. The current price is right at the 1.618 line where it has bouin ed previously on Sept 22/23 and Oct 30. The price is also at the 4Hr 200 EMA and 200 MA support currently.
This gives us 2 wave counts (blue W4 and white W2), the RSI/Stoch RSI indicator, the Pitchfork support and the 4Hr 200 MA/EMA support all indicating a trend reversal.
This projection is invalidated if the price falls below $120. The price target in the mid term is $175 by end of march.
Traditional|NKE|Long and shortLong and short NKE
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
NKE UpswingBased on the technical analysis of NKE on the 45min chart, there are a lot of signals that show the stock is positioning itself for a positive upswing.
First there are multiple green bands overlapping each other on the Guth 3x confirm, these are buy signals that have a history of being very accurate.
Second there are 2 buy signals that came up under the Divergence+ script, a script so accurate that it cost a monthly subscription. These buy signals are based on divergence.
Third, and because I have been speaking about divergence, the MACD shows decreasing bearish strength and increasing bullish strength.
Finally the RSI is low in to comparison to last week, currently sitting at 40.43 indicating that the stock is underbought.
Comment your thoughts below and leave a like if you are a NKE bull or believe this upswing could happen. Follow to see to upward movement that is almost guaranteed by the combination of the D+ and 3x buy signals.
Wedge on NikeA wedge pattern was formed on the 1 hour timeframe. If the price manages to break through the support level of 85.97-87.32$, I expect a further fall.
Nike bearish swing to $116.22One of the limits for the year has been triggered by this stock so I am short the stock.
I typically close instruments based on weekly close so a weekly close above $144.33 is my reason to close and potentially switch sides.
This trade will be held for weeks once it goes into profit.
I got filled at $140 with a SL of $148.00 with a target of $116.22
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
NKE over 143.05Looking at past price action, it tends to bounce ~7% after hitting the 34-50EMA cloud. We'll see if this type of analysis proves accurate. That lines up with this fib extension at 149.48, giving us a nice upside target. Entry point is drawn based on recent price action.
NKE Bouncing Support Towards ATHRetesting previous all time highs and bouncing from the current support levels, NKE is well on it's way to new all time highs next week.
Nike go higherTrade what I'm see..but still waiting on breakout
Entry Point : 141.40
TP 1 : 154.07
TP 2 : 165.14
TP 3 : 184.88
SL : 131.22
LONG NKEprob a gentle pull back and continue with this uptrend
sell some puts aimed at the bottom of the channel
not a bad idea to get assigned shares to take for capital appreciation
nike daily analysisHi friends
the daily chart of this market shows with a high probability that the first goal will be the level of and if there will be a breakout at this level the second goal will be the level
$NKE with a bullish outlook following earning releaseThe PEAD projected a bullish outlook for $NKE after a positive over reaction following its earnings release placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
IRON TARIHi guys!
New Iron condor, check my last trades, and get my script for free!
Enjoy your wallet!
Tari.
Nike earnings have serious potential to set a course.As seen in this 4 hr chart, Nike has been in an ascending channel since the corona sell off/rebound. The price action has moved in accordance with the upward parallel channel it is seemingly advancing in. It has recently slowed down and failed to rise back above the midline of the channel recently. Heres the tricky part, Nikes recent sell off leaves this one in the middle of a grey area territory. The chart setup is perfect for a BIG move around earnings, which way is very much so up in the air. As previously stated this one falls right in the middle of the current gray area, RSI is nearing oversold, but if there is no RSI support around the 40/50 area, and an increase in selling volume, this one could have lost steam, change course, and fall into a bearish channel downwards back towards 105. Nike earnings and the investors reaction to said earnings, have the possibility to set this one on a path that it could possibly take into the end of the year.
(*personal advice: always play earning safely with a neutral strategy*)
Bullish (possible by end of year) price target:$140
Bearish (possible by end of year) price target:$105
Earnings could set the future course for Nike.
Short Nike going into earningsI've built a case to show why Nike could be making a long term top, and this earnings could be the catalyst for the turn around.
Thank you for your constructive feedback !
