NKE trade ideas
NKE/Nike is going to rise!!Big cluster has been broken and a pullback has occurred, It is great entry point with appropriate risk to reward ratio.
Put Put2021 account is growing! Mega portfolio includes some options trading to generate some cash to invest in common stock and I see a perfect opportunity here with NKE. Based on Mondays performance we can see that bullish strength is weakening based on the MACD.
RSI also shows room for decline to 50 or lower, while there is a sell signal on 3x confirm. D+ shows growing bearish divergence so strong that I believe it will break below the support level of $136.26 as indicated by the Kurotoga Cloud. I am giving 4 days for NKE to hit $125 a share.
Like if you agree or like the analysis overall, and comment your thoughts below.
Just sell it ✅expecting a strong pullback, especially low performing when compared to others in case of market crash 2weeks out. (not financial advice)
LONG POSITION ON NIKE - 7% RETURN POTENTIALNIKE INC is showing a nice support area at $135 holding the price as expected.
A LONG POSITION is possible with a potential of a +7% RETURN at $146
Holding the position longer can bring higher RETURN
Entry 2 is possible at $129 if entry 1 fails.
Happy trading
Just do it #stocksReversal Buy setup
Reward/Risk: 2.89/1
Entry: 135.18 or at a lower price
Stop: 129.00
Target: 150.00
Options Play: April 16 140/145 Call Vertical
Traditional|NKE|Long and shortLong and short NKE
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
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.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
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.
Nike will always be victorious. $NKE. After selling off a bit, it has nicely rebounded from it's .236 Fibo (see also BUY signal).
It's trading in range just above it's POC (point of control), bouncing off the .786 Fibo retracement.
With ER on 3/18, we can expect an earnings run-up, will face resistance at $150, $152 and $156.
I'm long on Nike.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
$NKE - Bull flag formation, Target $160Seeing nice bull flag formation on $NKE. Need to see a bit more volume on the breakout. My target would be $160.
Stop Loss set at 50 SMA: 140.50
Nike possibly has the potential to reach $149Nike got the upwards bullish channel and possibly has the potential to reach $149.
NKE/Nike is going to rise!!As you can see NKE/Nike is in the bottom of it's channel which is quite strong channel, after breaking the trend line upward, where I have shown in the chart, it would be a good entry point for making profit.
Nike 15 Minutes - Buy
- Price retraced just below the 23.6 fib retracement level on the 4 hour chart then brought down to 15 minute time frame, I am expecting price to go up when markets open.
- RSI Indicator also indicates uptrend continuation as levels are pointing up
ABC BullishNKE fell from a bearish rising wedge and appears to have recovered forming an ABC Bullish pattern in the process..
Pole is too slopey and humped over due to the rising wedge pattern, so I did not count it as a bullflag.. (O:
ABC patterns are calculated using the lenth of the AB leg and fib levels. Possible stop a bit below C. A must be lower than C.
It is a measured move down within a larger measured move up.
Targets 2 are long term and probable pull back of some sort before they occur. I Keep my eyes on targets one
Not a recommendation
If you have any questions, feel free to ask. If you never ask, the answer seems to always be No
Elliott Wave View: Nike Impulsive Rally Favors More UpsideShort Term Elliott Wave View in Nike (NKE) suggests the pullback to $128.91 ended wave ((4)). Internal of wave ((4)) unfolded as a Flat where wave (A) ended at 138.32, wave (B) ended at $147.90, and wave (C) ended at $128.91. The stock has resumed higher in wave ((5)), but it still needs to break above wave ((3)) at 147.95 on December 21, 2020 high to avoid a double correction.
Up from wave ((4)) low at $128.91, wave ((i)) ended at $136.37, and pullback in wave ((ii)) ended at $132.15. Stock then resumes higher in wave ((iii)) towards $140.06, and pullback in wave ((iv)) ended at $138.01. Expect the stock to end wave ((v)) of 1 soon, then it should pullback in wave 2 to correct cycle from January 28 low before the rally resumes. Internal of wave 2 pullback is proposed to be unfolding as a zigzag in 3 waves before the rally resumes. As far as pivot at $128.91 low on January 28 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside. Potential target higher for wave ((5)) is 1.236 – 1.618 external retracement of wave ((4)) which comes at 152.3 – 159.5
Nike: Just Do It! 💪Nike has been a strong player on the capital markets for a long time. Accordingly, we will see the stock price rise further in the future, too! There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! Now, we are primarily expecting the price to continue to rise above $147.93. However, there is a 45% chance that we see a minor dip below $131.23 down until $120.90. Again, we think this stock is going up in the long run, which means that even from the price of $120.90 we will see the price increase after that correction.
Stay sporty, stay trading!
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
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
