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NIKE34 trade ideas

SHORT NIKE.NIKE seems to be loosing its bullish momentum after breaking below a major support to what appears to be a retest (or bear flag) to continue to the downside. This can be supported by the smaller time frames (15m) price action as price is failing to make higher highs and is failing to break and close above what is now resistance. Gaps usually are filled but sometimes the levels created by the gap can cause a bounce so be cautions if shorting early and or have runners prepared incase the gap decides to fill.
NYSE:NKEShort
by CJITM
Nike Pulls Back Before EarningsNike pulled back along with the rest of the market last month. Is it creating opportunities with quarterly results later in March? The first pattern on today’s chart is $116.75. It was the low a year ago and near the high in mid-August. NKE paused there in December before continuing toward $130. The athletic-apparel stock is also bouncing above the same zone today. Next, the latest pullback dragged stochastics to an oversold condition, from which the oscillator is now rebounding. Third, the 50-day simple moving average (SMA) rose above the 200-day SMA in mid-January. That kind of “golden cross” may suggest NKE’s longer-term trend has turned positive. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NKE
by TradeStation
1
$NKE Short, clear divergence of RSI, and 9/21 crossover.Ticker: $NKE Investment Strategy: Short #RSI divergence from oversold #Crossover of 9ema and 21 ema. #MACD crossover and divergence. Fundamental analysis: Nike, Inc. (NKE) financials that may be helpful in conducting a fundamental analysis of the company: Revenue: Nike, Inc.'s revenue has been steadily increasing over the years. In 2020, the company generated revenue of $37.4 billion and in 2021, it generated $39.1 billion. Earnings: Nike, Inc. has been consistently profitable over the years. In 2020, the company had net income of $3.8 billion and in 2021, it had net income of $4.2 billion. Dividends: Nike, Inc. has been paying dividends to shareholders. In 2021, the company paid dividends of $2.2 billion. Debt: Nike, Inc. has a significant amount of debt. As of December 2021, the company had long-term debt of $8.2 billion. Market Capitalization: Nike, Inc. has a market capitalization of $152.3 billion as of January 26th, 2023. P/E ratio: Nike, Inc. has a P/E ratio of 34.7 as of January 26th, 2023, which is higher than the industry average. Business Model: Nike, Inc. is a multinational corporation that is engaged in the design, development, and worldwide marketing and selling of footwear, apparel, equipment, accessories, and services. Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.
NYSE:NKEShort
by Red_Green-TA
NKE | Long with Bullish Bias - Continuation Bullish Pannent Spot#Week10-11-Strategy-1&2 BULLISH INDICATOR (DEC 30) 1. On Daily Bullish trend with HH and HLs 2. Daily price action is respecting the bullish trending channel 3. On the 1h Chart Bullish Pennant continuation pattern was spotted. It is sideways but a bullish trend is expected to follow. 4. Price action is expected to stay sideways between FIB level 78.6% and 100% 5. Price action is testing a significant Resistance zone from daily charts between 116-118. If broken then bullish expected 6. RSI does not show any divergence. BEARISH INDICATOR (DEC 30) 1. Price action is testing a significant Resistance zone from daily charts between 116-118. So either it will stay sideways for the reverse for some time. PREDICTIONS 1. Due to the Bullish Pennant continuation pattern, the price is expected to stay sideways for some time before continuing the Bullish trend. BIAS 1 = LONG - PLAN 1 (Buy @ Market price) BIAS 2 = SHORT - PLAN 2, (if PLAN-A SL1 hits then anticipate to SHORT @ market price after re-checking the bearish indications) TRADE PLAN ———————— PLAN A: LONG @ Market price EN1: 116.24 (@ Market) SL1: 112.38 TP1: 119.85 - RR: 0.8 - Lt: 0.5 EN1: 116.34 (@ Market) SL2: 110.12 TP2: 125.45 - RR: 1.4 - Lt: 2 PLAN B: SHORT If SL1 of PLAN A hits, signaling reversal, Enter slightly below SL2 of PLAN A EN: 109.2 (Re-Check Values Again before entering the trade) SL1: ? TP1: ? - RR: 1.0 - Lt: 0.5 SL2: ? TP2: ? - RR: 1.4 - Lt: 2
NYSE:NKELong
by haroonraees
NIKE Inverse Head & Shoulders start the recoveryNike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash recovery. As you see even the 1D RSI sequences between the two are similar. It would appear that right now we are in the process of turning the 1D MA200 in a Support as in mid-June 2020. Two weeks after the price convincingly broke above the Right Shoulder and the rally stopped just below the 2.0 Fibonacci extension. If the current pattern repeats the 2020 one, then the 2.0 Fib extension will get the price to 155.00. That is just below the 0.786 Fib retracement from the All Time High. Right now the price is on the 0.382 Fib. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:NKELong
by TradingShot
NIKE: A POST EARNINGS PLAYNike reported earnings on the 20th after the market close. The stock increased by more than 12% the following day. The price of the stock revisited the resistance level that was rejected in June and August of 2022. Before the rejections, this level acted as a support as seen in March and April of 2022. In this chart, the support/resistance zone is marked by the yellow box. Additionally, this zone currently coincides with a VWAP anchored back to November of 2021. We observed that the price action rejected at both the anchored VWAP and the yellow box zone of resistance on December 21st of 2022. If price revisits this level, look for price action consistent with what we have observed in the previous rejections.
NYSE:NKEShort
by jasongoldman1
NKE hitting MAJOR clusterWhat an interesting chart. After price hit the 200 Daily SMA with a triple tap (divergence pattern), price has just arrived at a major support cluster where the Monthly Pivot, the 100 SMA and a previous support area meet. Below, the big round number 100 is waiting closely too. A pullback into the 200 Daily SMA during the current year*s dowtrend is usuaully foreshadowing more bearishness to come. But the big support cluster will require some sort of catalyst in order for the price to break below it. And since we are heading into the last week of trading this year, I don´t see anything on the horizon. A sideways drift seems likely. Below 100, the price will have quite some room thouhg.
NYSE:NKE
by Tradeciety