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NIKE, INCNIKE, INCNIKE, INC

NIKE, INC

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NKE trade ideas

Chinese dislike Mr Trump but love NikeWe have outlined on the chart our technical reason for the $99 price target, on the fundamental side the strength within China for Nike is amazing and shows that the Chinese consumer is more than willing to sacrifice nationalism for the sake of fashion. Basketball within China presents huge opportunities and Nike is to the forefront of reaping the rewards, highlighted by 60 consecutive months of growth despite trade dispute and tensions. Entry level $92 Target Price $99 Stop loss $90 P/e ratio 32 Average Analysts price target $99 | Overweight
NYSE:NKELong
by Bullishcharts
Chinese Canceled and Nike Suffers...Very unexpectedly, Chinese officials canceled their upcoming meeting with the White House today. And as suddenly as the news came out, the market left the green territory and soon became red, moving VIX by +9.04%. Since about 19% of Nike's sales take place in the Chinese market, the news impacted the stock negatively. Besides the news, the chart also signifies that something is holding the stock back. ~89.50 level has been a strong selling area since April and the price has not successfully passed this level ever since. This identifies a strong selling pressure at ~89.50 price. It could also be an early sign for a triple top pattern (I do see this likely, but the pattern is not developed yet). In a longer timeframe such as the weekly chart, NKE has been developing a rising wedge pattern. The pattern is bearish and if we take the recent rally from ~78 to ~88, I believe we have a partial raise. After touching the lower boundary of the wedge in August, this increases the likelihood of a bearish breakout by 80%. With respect to momentum, bullish momentum has been decreasing rapidly and MACD should signal a sell on Monday. Today's candlestick was also quite bearish. I currently have an active position; I have been short since Monday and it has been losing all week. Nevertheless, it turned into profit just today. No further scaling in; Just watching its flow... Cheers!
NYSE:NKEShort
by UnknownUnicorn2339202
2
NKE TradeSo I flipped some puts earlier this week for a good gain, re-entered the trade today. NKE appears to be rangebound since the recovery from the big drop, and it seems to wind up around $84 for earnings. Decided to hold on to the puts for Monday, the conservative target is $86, aggressive target is $84.5. Depends on what the computers do with Dow futures. If the Dow stays flat or green like today, I'm bailing early. Note that I'm doing quick flips, I got a couple of messages that NKE wasn't going anywhere AFTER I had already posted that I had closed the trade earlier this week. If anyone followed me into this trade today (posted it in my earlier NKE post), I plan on flipping the puts when it goes oversold on the hourly again. NKE isn't gonna tank unless earnings suck, don't hold the short position expecting this to go straight down.
NYSE:NKEShort
by hungry_hippo