NKE Bouncing Support Towards ATHRetesting previous all time highs and bouncing from the current support levels, NKE is well on it's way to new all time highs next week.
NIKE34 trade ideas
Nike go higherTrade what I'm see..but still waiting on breakout
Entry Point : 141.40
TP 1 : 154.07
TP 2 : 165.14
TP 3 : 184.88
SL : 131.22
LONG NKEprob a gentle pull back and continue with this uptrend
sell some puts aimed at the bottom of the channel
not a bad idea to get assigned shares to take for capital appreciation
nike daily analysisHi friends
the daily chart of this market shows with a high probability that the first goal will be the level of and if there will be a breakout at this level the second goal will be the level
$NKE with a bullish outlook following earning releaseThe PEAD projected a bullish outlook for $NKE after a positive over reaction following its earnings release placing the stock in Drift B
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IRON TARIHi guys!
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Tari.
Nike earnings have serious potential to set a course.As seen in this 4 hr chart, Nike has been in an ascending channel since the corona sell off/rebound. The price action has moved in accordance with the upward parallel channel it is seemingly advancing in. It has recently slowed down and failed to rise back above the midline of the channel recently. Heres the tricky part, Nikes recent sell off leaves this one in the middle of a grey area territory. The chart setup is perfect for a BIG move around earnings, which way is very much so up in the air. As previously stated this one falls right in the middle of the current gray area, RSI is nearing oversold, but if there is no RSI support around the 40/50 area, and an increase in selling volume, this one could have lost steam, change course, and fall into a bearish channel downwards back towards 105. Nike earnings and the investors reaction to said earnings, have the possibility to set this one on a path that it could possibly take into the end of the year.
(*personal advice: always play earning safely with a neutral strategy*)
Bullish (possible by end of year) price target:$140
Bearish (possible by end of year) price target:$105
Earnings could set the future course for Nike.
Short Nike going into earningsI've built a case to show why Nike could be making a long term top, and this earnings could be the catalyst for the turn around.
Thank you for your constructive feedback !
"Just Do It" ® Nike earnings at 4:15pm 12/18 Quadruple Witching"Just Do It" ® NKE earnings at 4:15pm 12/18 Quadruple Witching. Nike is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. I'm leaning towards an earnings beat, but you never know how the market reacts to earnings, especially tomorrow is Quadruple Witching, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
2nd Quarter November 2020
Consensus: $0.62
Revenue: $10.59 Billion
Possible neutral strategy is to short an ironfly & buy a far otm strangle
sell $140 call 12/24, Delta = .53, Theta = .31
sell $140 put 12/24, Delta = .47, Theta = .31
buy $148 call 12/24, Delta = .27, Theta = .27
buy $132 put 12/24, Delta = .20, Theta = .21
credit = $560 , risk $230, reward $800
+
buy $155 call 12/24, Delta = .13, Theta = .19
buy $130 put 12/24, Delta = .15, Theta = .18
cost = $165 max risk, reward $+
=
$395 opening trade / risk, reward $800+
Possible aggressive neutral strategy is to buy a strangle
$142 call 12/24 = $370, Delta = .46, Theta = .31
$140 put 12/24 = $410, Delta = .47, Theta = .31
=
$780 opening trade / risk, reward $+++
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny / day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
NKE - Nike Earnings Trade - ButterflyNKE - Nike Earnings Trade - Butterfly
What do you think about this Butterly Options Strategy?
The legs are 10 points wide and as long as it stays within range, we're OK.
But.. who knows? NIKE popped last earnings. What will it do this time?
NIKE LONG SWING POSITION BUY ! JORDANS KEEP JUMPING OFF SHELVESNIKE IS EXPECTED TO REACH $170-$180 by the end of 2021 or sooner
Earnings report coming in on Friday
I’m swing buying Nike long !
TP’s
170
180
225
My entry price is around $136!
NKE - December 12, 2020NKE reports earnings on December 18th after market close. EPS forecasts are $0.61 down from the reported $0.7 last quarter. With strong demand for online sales and a recent surge in the stock's price to a new $140.45 ATH, look for NKE to surge in the lead up to earnings. The strength of the brand's international presence could drive a significant earnings beat this quarter. Good RR setup here on this trade.
NKE Stock High Probability Long To 180$According to my analysis I recommend to keep as much as possible nike stock in portfolio because we have a high probability that we can reach 170$ and even 180$ in the next few months.
Elliott Wave View: Nike (NKE) Extending to New All-Time HighShort term Elliott Wave View view in Nike (ticker symbol: NKE) suggests the rally from October 30 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 30 low, wave (1) ended at 139.09 and pullback in wave (2) ended at 125.63. The stock has resumed higher in wave (3) which is unfolding in another 5 waves in lesser degree.
Up from wave (2) low at 125.61, wave ((i)) ended at 133.98 and dips in wave ((ii)) ended at 128.43. The stock then resumed higher in wave ((iii)) towards 139 and pullback in wave ((iv)) ended at 132.69. Expect wave ((v)) to end soon and this should complete wave 1 of (3) in larger degree. Afterwards, stock should pullback in wave 2 to correct cycle from November 13 low before the rally resumes.
As far as wave (2) low pivot at 125.61 low stays intact, expect pullback to find support in the sequence of 3, 7, or 11 swing for further upside. Minimum potential target higher is 100% – 123.6% fibonacci extension from October 30 low towards 145.76 – 150.48. A 161.8% extension in wave (3) is possible which should bring the stock to 158.14.
NKE- Run !Welcome back to another dow30 stock analysis, today we take a look at Nike. NYSE:NKE
Nike is currently breaking high after high and there is still no end in sight!
As an example, nike gained more than 125% stock value since the bottom of the march crash.
It should be no surprise that everybody wants to participate in this rallye, but being careful in this situation is very important.
Nike formed a solid 1-2 in the last days and hit exactly the 0.618 retracement, this strongly points towards the start of a wave 3.
The next stop for nike will be 140$-150$, there we will see a short correction.
I will watch the market very closely in the next days and will announce an entry if i get the chance to.
Primary scenario:
In the next days and weeks we will reach prices above 140$ or even more, so stay tuned!
From there we will witness a very short wave 4 correction until the bulls push nike towards a new ATH.
Alternative scenario:
My alternative scenario will get triggered if we break the previous 1-2 setup at 125.55$.
Breaking this level would strongly indicate for a final wave C correction, which could bring us to prices as low as 110$.
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Safe CallNike is a safe stock to bet on if you are an options swing trader like myself. It has just hit resistance on the 45min while the MACD shows an upward trend and increase in bull strength. We are in a bull market and calls are much safer than puts for any stock.
I have lost a lot of money on puts, even on stocks with the highest RSI and strongest sell signals across all indicators. Check out my ROKU publication and you will know what I am talking about.
My question to all my followers, and those who see this because you are watching Nike.
Why are markets soaring so high? What is the cause of such a strong bull run? Where is this money coming from?
All this from a cure to Covid? A virus that the media has reported so strongly and ingrained fear into everyone, even though the common flu is just as deadly, and the annual death rate has remained constant compared to previous years.
Where is this coming from?
NKE - Good swing ER runNKE - Respecting trend line and about to reach all time high, Elliot wave 3 target 150, with ER on Dec 18 expecting this to reach this target and always watch out if any trend line break for bearish too, stop loss if dropped below 130-125
Looking to enter - 12/18 - 145c - 0.9
Note : Please do make your own analysis before entering the trade
- NV
NKE - Bullish after Rising Wedge Drop to $130NKE
Today: 11/28/20 6pm PST
Plan: Rising Wedge, let NKE fall to Price Line 130.50$/around fib 618, buy and rise, sell before 786 fib.
Price line 130.50$ is a strong resistance all of Oct, but has acted as support recently on Nov 19. Nike is spiking based on earnings, there is no major new to drive the price from current up to the fib 1 area. Expect a small drop, and pick it up as Nike resumes it's regular zone trading.
