Trend Indicator on NIKEIn the chart of NIKE , in a one hour time frame, we can see that the bearish trend line has been broken and a good sign of that is that prices broke the moving average of 50 , so we can expect a change in trend.
NKE trade ideas
Nike Inc - Daily - Just "Sell" It ?Trade Alert
It not be too late yet to catch a bit of that downside move. The stock has now shifted below the 200 EMA, which could be seen as bearish sign, at least in the near term. Also, the share price keeps forming lower highs, which is also not supporting the bullish scenario for now.
Please review the chart for the potential target levels.
Always have your SL in place.
Bearish gap fill then bounce for Nike (NKE) stock?Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal.
Let me know what you think in the comments.
Like this idea if you agree.
Trade IdeaTrade Idea is Nike (Long Position)
Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium
Entry is 76.38
Initial Target is 78.80
Second target is 81.46
Stop is 73.58
Nike hit bottom and signaled an uptrend.Nike 2 days ago hit bottom and signaled that the downtrend was over.
Today, since the opening, flew from $79 to $81.3
Entry: $80.15
Exit: $ 81.15
Return: 1.3%
NKE 1YR Support TestGood R/R setup with the long term uptrend support line. Currently 7.5% below ATH.
Nike Elliott Wave View: Further Upside Expected.Hello Traders,
NKE short-term Elliott wave analysis suggests that the pullback to $78.78 low ended red wave 2 pullback. Up from there, it ended red wave 3 at 09/21 peak (86.26). The Internals structure unfolded as a 5 waves Elliott Wave structure with a extend wave ((iii)). It ended black wave ((i)) at 09/04 peak (81), wave ((ii)) pullback at 09/05 low (78.78). Above from there, it ended the extended wave ((iii)) at 09/19 peak (86.09). Below from there it ended black wave ((iv)) pullback at 09/19 peak (84.40) and above from there it ended black wave ((v)) of red wave 3 at 09/21 peak (86.28).
Down from there, we are calling red wave 4 pullback complete at 09/25 low (80.69). The internals of that pullback unfolded as an Elliott Wave ZigZag structure which ended black wave ((a)) at 09/24 low (84.15), black wave ((b)) pullback at 09/25 peak (85.24). Below from there, it ended black wave ((c)) of red wave 4 at 09/25 (80.69).
As long as the pivot at 78.78 stays intact we expect NKE to extend higher and we don’t like selling it because the right side is to the upside.
Nike... What to do now??Nike will go down by approximately 3.5% today after quarter earnings. Wait until de drop is over which might take a few days. After it bounces back up at the 82.30 level, good opportunities will arrive and Nike has the space to go up and reach its ATH. The RSI is quite high. I except it to drop today so the price will go lower and you can take the rideee.
Bullish on NKEDespite the political rhetoric, stock has a bullish setup
3-4 years of consolidation, followed by a break out
a few more months of consolidation, followed by another break out
currently in an uptrend
May experience some slight pullbacks but overall, bullish.
THE WEEK AHEAD: NKE EARNINGS; CRON, IQ, NTNX, EWZThis post is going to be short work, since there aren't many earnings in play for next week, and non-earnings premium selling is somewhat limited ... .
NKE is the only earnings that comes up on my radar for next week (announces on Tuesday after market close). While it has an implied volatility rank of 72, its 30-day isn't exactly "doing it" at 29%. That being said, the slightly short delta, 68% probability of profit, Oct 19th 80/90 short strangle pays 1.72/contract at the mid.
Other top implied volatility underlyings include CRON at 140%, IQ at 60%, and NTNX at 54%, but these underlyings aren't the best in terms of expiry and strike availability, which can make for headaches if you need to roll. I've already experienced some of this in a CRON play; there was no November available after the October monthly, so had to roll all the way out to January, which can be a drag if you're less than the patient type ... . I pretty much knew that it could be a headache going in because of oddball expiry availability, but couldn't pass on the juiciness.
On the non-earnings front: "The Brazilian" -- EWZ continues to be frisky (but not quite as frisky as it was) with a rank of 69 and a 30-day of 47%. The November 29/40 short strangle camped out at the 21 delta has a probability of profit of 70%, break evens of 27.35/41.62, and pays 1.65 -- not bad for an extremely liquid $34 underlying.
