Buy to NIKE Daily Hello traders,NIKE is on an uptrend, if it pulls back it is very likely that the market will turn around to give a strong sign of purchase...
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NKE trade ideas
NKE aiming for the moonNKE is In a current uptrend. Once it pasts and holds above $90.68 the stock is going to skyrocket.
Nike ActionNike action destination is 91.45. if the market break line (91.45) with high candle so they can go high up to 100
Nike 15 Min chartMy first analys ever in trading views, please if there is any advice, if there are errors do not hesitate to note them. Thanks
Nike gap up and breaks above EMA200 and EMA50Nike advance 12% since BoD signal appears on 25 Mar.
17 April
+Gap up and Slow Turtle Buy signal breaking out from symmetric triangle and Fibo 0.618
=Price managed to stay above EMA50, EMA200 but below pychological resistance 90.
=FiFT indicator still green (Bull force in control) but breakout volume is not impressive.
+ATOM stay green indicating the stock is trending
Plan:
Continue to hold and add position when close above AND retest 90.
Target 95.
Exit if price close below EMA50.
NIKE IS SHOWING A BUY SIGNALHello my friends, Please support my free analysis by dropping likes, follow me and why not you can comment as well :)
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NKE post earnings gapHistorically NKE will lose trading volume after earnings, combined with weaker price action, this stock will stabilize around the bottom of the gap. RSI points to an overbought signal which after back-testing this indicator, shows that the share price of NKE does not like to live above 80 for longer than a day or two with large upward price action. MACD is at the peak of its convergence, there is a high probability that the moving averages will begin to diverge in the next week. This could be setup for a nice swing trade, I admit I am "jumping the gun" on this one, but with a decent risk-reward of ~2.5 the losses could be minimizes easily. Good luck!
NIKE - Descending channelAs we saw with other stocks they joined in a pullback what will show again a drop to lower levels.
I'm short in nike.
Nike might not be that bad $nke
Long into earnings, $71 and $77 target .
Support has been found at long last
Nike Long Trade into earnings
Earnings may not just be as bad as expected.
Oversold and trying to reverse.
Quick Long Scalp (within a week):This is for my personal use, but I am publishing just to get my idea in concrete, and see how it plays out.
So just looking at the chart:
FIB: I set up a fib retracement from April 2018 and Janaury 2018 to the most recent highs of January 2020. (Give me an idea of support and resistance levels.
Trendlines: I set up some trend lines to help forecast a possible bounce.
Candlesticks: There is a bullish hammer formed on the daily. Its wick touches the $73 support level
Trade:
SL:$72.50
Open: $74 Area
TP:$82
Watch Price Action Prior to entering
Elliott Wave View: Nike Rally Expected to FailNike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal of wave ((Y)) subdivided as a zigzag structure.
Down from March 3 wave ((X)) high at 94.99, wave 1 ended at 90.57 and wave 2 bounce ended at 93.79. The stock then resumed lower in wave 3 towards 85.88 and bounce in wave 4 ended at 88.67. The final leg wave 5 ended at 80.92 and this also completed wave (A). Wave (B) rally is now in progress to correct cycle from March 3 high before the decline resumes. Expect rally to complete at 87.79 – 91.38 area and stock to resume lower.
We don’t like buying the stock. As far as pivot at 94.99 high stays intact, expect rally in Nike to fail in the sequence of 3, 7, or 11 swing for more downside. Potential target lower is 100% – 123.6% Fibonacci extension from January 22 high which comes at 69.93 – 74.7.
Double Bottom(DB) in the making NIKE. Near Target $94Tweezer bottom indicate that price to bounce to trendline $94. DB is confirm when break trendline @$94, Next resistance $104
