NIKE34 trade ideas
NIKE ✔️ : Volume Profile 📊 and Price Action Analysis 📋In today’s analysis, I will show you something similar as I am going to be talking about in the webinar.
I will show you how to use Volume Profile to identify the best trade entries for long-term investments. In this case, I will discuss the stock of the US company NIKE.
NIKE – Volume Profile Analysis
As many US companies NIKE is in the uptrend. One of the big reasons so many US companies are in an uptrend is that the FED is pumping free money into the US economy and this helps stocks to shoot higher and higher.
I am not a huge fan of buying a stock when it is at its all-time highs. What I prefer, is to wait for a pullback and then jump in.
A pullback to where? To heavy volume area.
The reason heavy volume areas are so important in an uptrend is that they work as strong Supports.
What they represent are places where the BIG trading institutions were adding massively to their Long positions.
When the price makes a pullback into such heavy volume area, then those BIG trading institutions will want to defend such zone.
Why Are Heavy Volume Areas Important?
Those areas are important for them. The reason is they placed a lot of volumes there. If the price drops below such heavy volume area, then their Long positions will go to red numbers. They obviously don’t want that. They want to make money on their stocks and they need them to go higher and higher.
So, what those BIG guys do is they defend such heavy volume areas. They also use them to add some more to their Longs as those places are places with huge liquidity.
All this makes the heavy volume areas strong Supports.
Heavy Volume Area On NIKE
Such a Support is also on NIKE. If you look at the chart (Weekly time frame) and use my Flexible Volume Profile there, then you should clearly see the strong volume area that formed there. This is our Support (starting around 137.00).
This is in my opinion the ideal place to jump in and participate in the uptrend.
Don’t enter at the all-time high. Wait for a discount 😉
The Volume Profile setup I used here is called the “ Trend Setup “. That’s a setup I use when there is a trend.
I hope you guys liked my analysis! Let me know what you think in the comments below!
Happy trading,
-Dale
NIKE Expect Further Bullish Upside Hi everyone:
NIKE has been on my long term investment since the Covid recovery price action,
and still looking clean for further up move.
We can see the overall price has been in a bullish up trend
since the Covid drop.
Price was able to have a bullish reversal impulse up, breaking above all time highs,
and formed continuation correction, which is where I got in.
For me, equites are mostly for investment purposes and not day trading them,
hence I can comfortably holding the shares for any deeper corrections.
Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential.
What I would wait for is a lower time frame continuation correction to develop,
that will give us one final confirmation for the next buy move
Such a low volume and shocked how up it has gone... Just for fun guys don't chase the money. I am just a random guy on the internet publishing his ideas...
ReversalBased on MACD, D+, and Elliot wave analysis, I see a reversal forming for the second Elliot wave.
Pullback after a euphoric rally I’m short shares - target is at the rectangle where the 50 ma meets a support/resistance zone
Daily Price Movement Prediction Based on trend analysis, Elliot wave analysis, divergence, and support levels, here is my prediction for todays price movement.
Trend analysis shows that our lowest level of support is at 161.42 while todays high could reach 162.80
Support level is based on the previous low as indicated by the white circle.
NKE Short IdeaNike has recently blown past the 140-150 range and is sticking to the 160-162 area. The bearish divergence on the RSI, paired with the extended range above the 20 EMA, and the visible range showing potential cash out, means I am short looking to profit in the 155 range.
Hard Correction Coming Nike sell off is on the way! What a week ahead with multiple hard corrections coming, see AAPL linked below.
Earnings euphoria turning to a hard reality, and that is Nike being overvalued & overbought.
Share holders will be cashing in big time so be ready for the fall and soon we will have a buying opportunity.
Nike - Just Bull It!Nike looking bullish. Careful for retracements.
TP1: $160 - $166
TP2: $173 - $181
Nike (NKE) Too fast out of the blocks ??
Nike had great earning June 24th which created a $15 gap.
Now we are $10 higher,
Presently there is confluence of 2 bearish harmonic patterns.
A short candidate if the market starts to roll over
As usual, do your own due diligence
A close under $155 might get my attention.
Note: Crab patterns can extend to the 1.82 area which is approx. $166.50
Good Luck
S.
NIKE- from the Low to High - GANN FanIllustrative chart only. NIKE has show the power of GANN fans. From all time Low to all time High hitting the 8x1. This fan is drawn using only mathematical figuresusing Time factors and Price Coordinates that project a scale from the low-to high out through time. Each Gann Line having a unique impact to price over time.
From here... technical analysis says NIKE comes down. It has maxed out the fan. The point of this chart is to only show the power an accuracy of technical analysis. NIKE has traveled up the fan so beautifully from 1984 to 2021- anyone who bought at least 1k in 1984 would easily be a millionaire today. This is what we would call a LONG HOLD. Congrats NIKE, LONG HOLDERS, and TA! Cheers!
$NKE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NKE after a Positive Under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
[Analysis] Should you chase Nike (NKE)No doubt that Nike's surprise earning result and its gap up would tickle many Trader's FOMO nerves. Us included.
The question is, is it too late to chase?
In order to answer this question, we must first answer another question.
Are you looking for a fast short-term Trade?
If your answer is No, then the answer to the first question is also NO; it's not too late to chase.
However, be reminded that this won't be a fast trade. Be prepared to hold if the price were to retrace.
The major support level is at 120, hence your stop loss should be below 120.
Instead of entering all your position in one trade, split them into two. Chase the current price with half of your positions. For the remaining half, average down at 135.
By doing this, you are still profitable should the price continue to go up. If it retraces, you will still be able to take advantage of the lower prices.
Do ensure that your overall risk is still calculated on both position hitting your Stop loss.
NKE market symmetry.Possible scenario of price movement on NKE, equal arrows move size, correlates with fib as well. Just curious if it will work out. Looked like it was primed to go to 105, it might still go there depending on the whole market behavior.
NKE: Trade to closeThe trade was given on 7th June at 133.79 entry. you may close the trade, profit should be 210% of the risk.
Only pure technical analysis is used (some equation our team developed), so you won't see much description in our analysis. You may include your own fundamental knowledge to increase the winrate but without is fine too. Just make sure to apply SL & TP.
