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NIKE DRN EDNIKE DRN EDNIKE DRN ED

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NIKE34 trade ideas

NKE - Could have bottomed?NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually. However, I suspect the eventual break will be more likely to the upside as the resistence turned support zone ($99-$103) has been holding up in the past few months, plus a bullish divergence can be seen in the monthly chart. Earnings expected on 29 Sep AMC. Guess we'll know by then where it is heading! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NKELong
by Juliac
1
NKE - Just do itNike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 Resistance: 109.31 / 113.36 / 118.47 Support: 99.72 / 92.10 / 82.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NKELong
by VantageMarkets
1
NKE 7/22/2022Nothing but net for the Bears. Swoosh. Please see my original analysis. NKE Daily Chart analysis Since seeing the Death cross signal appear on the Daily chart, NKE has systematically been broken down by the Bears. Price broke down from a Distribution stage. The Bears followed by break thru two Support areas and turning them into Resistance: 139.10 & 121.20 Price has made a series of lower highs and lower lows to confirm the Downtrend. It is also rejecting the 50ema, which is acting as Dynamic Resistance. NKE is in extreme bearish conditions. I will continue to look for short entries. Since NKE is trending (currently in a Downtrend), I will look for short entries at areas of value: Resistance and/or Dynamic Resistance areas. Currently, price has pulled back to the 50ema Dynamic resistance area. We have Bearish price rejection at this resistance. We also have an Overbought Stochastic reading. We’ve been presented this same opportunity under the same conditions 3 times now with this one being #4: Downtrend + Pullback to 50ema + Overbought Stochastic This is my cue to enter trade short Entering trade short. Entry: 109.13 Stop loss: 117.30 Target: 88.86
NYSE:NKEShort
by rudcharts
NKE - SHORT TERM BULLISH SCENARIONike, Inc. is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. The company has a great history and is one of the most recognizable brands in the world. Since the price reached an all-time high in November 2021 the stock tumbled more than 50 % Possible short-term buy in the price channel. Re-test of the support level of $80 is expected and, that will provide a better risk-reward ratio for the bulls with a target of the $ 100 resistance Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:NKELong
by legacyFXofficial
Nike is the New K-Swiss? Sheesh! A reach, or plausibly true?Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation. Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game because of the social reward it brings. The pandemic for sure snuffed that. Kids love tablets. Kids love Fortnite. As a matter of fact everybody loves video games and social media, as the human game moves from social to individual based lifestyles. We're moving into a main character world society. So I see Nike either becoming a pure fashion house which is crazy, or just becoming a ranging chart eventually priced to hit zero as Nike fades away. I think for any of these legacy brands that can't keep up with a static high quality product that stands the erosion of time. Look at Hermes, the pricing on that stock is ridiculous, with neutral technical readings. What do you think? Green, potential growth - Nike acquires supply chain integration that overlaps reseller industry while maintaining green business model. A new shoe tech maybe . But what tech can nike implement into its approach that can really groundbreaking without setting a new pricing model for its products? Yellow - Nike is still cool but can't seem to shake new innovations by competitor entering the space. might get stuck in a outdated fashion model as 2 - 3 new generations of humans entering grade school might think nike is for lames. thats if kids even care about streetwear at that point. Let's not forget with any trend, they end or restructure itself. Trends are subjective to value by herd mentaility. Red- Nike becomes the new K Swiss. I think this will also correlate into the new interest of the incoming generations whom all seem to be or will be metahumans. generation meta. the generation that will only see value as intrinsic, but that's a maybe and very speculative. Nike is only seemingly popular in social environments where it reigns supreme. The kids only like dunks. Jordan branded nonndurables are just ehh. Honestly when it comes to apparel brands, personally I don't see myself engaging any non durable seriously. PS: Had to republish due to House Rule Violations.
NYSE:NKEShort
by SolidWetFX