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.Shortby aleex5893Updated 5
Coming into resistance zoneShould drop unless and until it closes monthly above that trend lineby babu_trader4
Nike might not be that bad $nke Long into earnings, $71 and $77 target . Support has been found at long last Longby RedHotStocks2221
Nike Long Trade into earnings Earnings may not just be as bad as expected. Oversold and trying to reverse. by Bullishcharts2242
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 Longby theeking43Updated 2
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.by Elliottwave-Forecast3
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 $104Longby zainulakramin1
$NKE Long$NKE Long at this confluence between horizontal and dynamic support. Daily chartLongby TradingAmok2
$NKE support$NKE at confluence zone between R/S flip and uptrend line support. Daily chartby TradingAmok2
NKE Rubberband SnapbackNKE just ran into its 200 moving average along with support level of $90. The overall market is completely at an oversold state with major indexs running into 200 day moving average as well. I believe we'll see a hard bounce off these levels to minor resistance at $96Longby BBTrader293
THANKS CORONAVIRUS , I CAN BUY AGAIN NIKE AT 95 !!!! SO GRATEFULBE COURAGEOUS IT WILL PASS AS ALWAYS IF YOU HAVE CASH ASIDE JUST BUY THE DIPS YOU WILL BE REWARDED IN FEW MONTHS Take care of yourself and relax and keep calm Longby PhilippeDelpCFA333
NKE - cycle bottoming - consolidation stageNow lets take a look at NKE. Weekly charts are suggesting both major and minor cycle bottoming out over the next 4 weeks. Last few cycles have bottomed in time so one may expect a timely bottom . Where we find support during this time will give us a fair idea about the next cycle expectations. At this stage we see the following prevailing conditions: 1. $106 to 108.5 likely cycle resistance and Fib ext target zone 2. Lower support zone between $95 to 97 levels 3. $87-89 likely strong support as previous cycle peak/ support confluence zone If you like what you see, share a thumbs up and follow for more updates Cheersby LoveForCharts6
NKE possibly turning upwards in trend channel Nike has turned down in the trend channel, approaching its mean reversal. In the event that price reaches the mean reversal and the long term RSI starts to turn upwards, I will look for a long position, with target towards upper trend channel (ATH).Longby jagarbla7
Nike top forming?At least in the short-term nike seems to be forming a top at this median line & top slope in pennant. RSI hold below 70 would be indicative of a top too.Shortby FibnFork3
NKE(D) Geo Embedded Elliott RSI(-) Fib ResNKE(D) Geo Embedded Elliott RSI(-) Fib ResShortby Skender104
Nike Short, MACD and RSI stretched, return to 20 day MA - hedgeGetting a $100 or a $97 put in NKE would provide a nice hedge against all your other long positions as NKE trades very much in tandem with major averages and exemplifies worries like global growth/ china/ stretched evaluationShortby ketokat112
$NKE Gap fill on watch, watch for fall below wedge.Had a parabolic streak, will need a cool down. the rising wedge could break here. Shortby JusWes2
Nike Awaiting FallAs you can see on my chart, I expect a fall in the Nike after overcoming the mark of $ 96. As you can see on my chart, I expect a fall on the hike, after breaking the $ 96 mark. If you want to know more information about my forecasts, subscribe to my YouTube Channel (/channel/UCFjEDgByCftksVKr8nZoOZg? View_as = subscriber) More than my forecasts for the short termShortby Nakamurainvest3