NKE trade ideas
NKE double top and possible of trend revertmonitor price action, if move up to 86 then wait for bearish daily candle to sell target to 77 or depend on your reward /risk ratio.
All the other kids with their pumped up kicks BETTER RUNI am projecting a monster Q4 beat. Besides, $NKE needs to breakout from these levels before 2H 2019.
If I'm wrong, I'm wrong small, If i'm right, I'm right big.
Nike if youre into sneakers you have to own NKE Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$24.1 billion in its fiscal year 2012. As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand alone was valued at $19 billion, making it the most valuable brand among sports businesses. As of 2017, the Nike brand is valued at $29.6 billion. Nike ranked No. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Posted my last buy ins and as you can see the chart koved upward as predcted.
We know the story we know the game!! If youre confident on the sneaker game then you must buy NKE
Two buy ins
#1 to keep it safe wait for a third red day it doesnt matter if its cents or dollars after the 3rd red day you buy.
#2 buy in first thing in the morning. Chart is on an uptrend and aout to bounce off of the resistance . This is a long hold too it will make you money !!!
NIKE SHORT SELLBearish Divergence on 4h TF and also Daily chart, Entries are $87 to $88 zone target $81.84/82.25 trade duration less than 10 days.
NKE - LongEntry = 86.29 (also possible average down if it hits bottom channel trend line)
Target 1 = 88
Target 2 = 89.20
Stop = Daily close below 86.29
Trade is invalid if it breaks out before hitting support.
Also invalid if the pullback to support is caused by bad news.
Nike new All Time High Nike price jumped above its previous all time high this morning. Decent volume. Looks like a break out. Old resistance now is support.
NIKE SHORT All points from the monthly to the lower timeframes has me looking to short this stock. risk to reward is nice also.n
Nike Could Lose 61.8% by March 2020 to hit 204 Month SMATime to short it with a stop $1.00 above all-time high
Nike's 204 Month SMA @ $28.00 vs Current Price of $85.00Do you think we can tag the 204 Month SMA by Q2 2020?
Nike - If Correct, The Daily Model Says Nike's Run is OverNKE didn't just blow a sneaker, that's it for the stock price if i am correct.
brschultz / markettimer777
Reversal Symmetrical Bottom Declining This is what I see. I might be wrong count here. Still learning about EW.
Nike Stock Analysis: Bulls Not in the Clear Yet...Conclusion for today’s Analysis: Price closing above the September 21, 2018 high of $85.98 indicates resumption of the bullish trend in Nike.
Over a year and 2 months of price action is covered in today’s Nike stock analysis using a 6 hour timeframe.
The previous bullish price channel lasting over 11 months was broken to the downside, with price retracing to ~$66.45.
Bullish momentum resulting from the above mentioned price level is yet to break above the previous high of $85.98 reached on September 21, 2018, therefore implying patience on entry of any long (buy) position that will be considered very conservative.
$60.55 is used as the lower price level for support indicated on the chart with the upper boundary being $66.45. A break below $60.55 in this case indicates resumption of the sell off from September 21, 2018, with lower prices to be expected.
A bearish channel (tentative) drawn on the chart needs to be monitored if Nike does indeed fail to close above price high of $80.96 established on Friday, the 18th of January, 2019
NKE-USmight breakout in the coming days since it is gaining upward momentum.
bullish divergence on RSI
Nike 8 RRR short ahead of earningsTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
