NIKE34 trade ideas
NKEBased on my analysis:
1. NKE reached All Time High at 130.93 USD (08102020).
2. I believe NKE at excess phase (based on fibo).
3. I expect NKE will going down and reach 120-119 USD.
4. Overall, NKE is a uptrend stock (MA20, 50 & 200).
Syeikh Hafiz
Stock Market Analyst
NKE short, In Supply Zone 60 min chart: In Supply Zone
Daily chart: double top, and RSI Divergence
Short Entry 130
Stop 131
Target 127; reward:risk=3:1
Target 123; reward:risk=7:1
Target 117; reward:risk=13:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Buy put at Resistance level.I will be buying a put at the 130.38 monthly resistance level. My target exit will be around that 127.10 level and stop loss will be at 131.50. This is where im comfortable at but choose your stop loss based on your own risk tolerance.
Nike Up Over 10%Since the last Nike post, price has moved up 10.4% and continues to demonstrate strength in the market.
Nike had its earnings release on September 22nd which had a positive effect on price as we saw a jump
from $116 to $130 overnight, adding increased profits to its shareholders.
That gap up in price was followed by a decline/pullback and price now appears to have found support
because we are seeing a continuation of the bullish momentum.
Price broke out of consolidation in early August and has trended well so far, using the 20 simple
moving average as support. When price uses the 20sma, it helps to confirm if we are seeing a linear
trend in play.
As the current pullback is showing strength, we are now anticipating a breakout above the recent high
at $130. A break and close above this level will confirm a continuation to the upside and offer us some
high probability long opportunities.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
NKE Starting to fall below Moving AVGOn the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon.
Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so should you.
NKE Swing Idea
NKE showing strength on a relative basis compared to the S&P 500 index ( SPCFD:SPX )
Strong recent earnings reaction (+8% on earnings day) with new all-time high
Consumer Discretionary ( SPCFD:S5COND ) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend)
Solid dip buy opportunity with limited downside risk using 122.50 as a stop.
NKE - 2 PossibiitiesScneario 1 - Goes back up to the Supply Zone
Scenario 2- Goes down to the Demand Zone/ or Fills Gap before bouncing back up.
SLIGHTLY BULLISH ON NKEHi community!
Here I´m shearing my thoughts on NKE.
Looking for a bounce from the retest of upper side of this ascending channel.
Selling some premium with the put spread near the actual price and the call spread far away just working as a buffer in case needed.
NKE:NYSE - NIKE INC - Looking strong post earningsNike has been looking good after breaking through a previous resistance area and successfully retesting a previous support and resistance level. RSI and Buyer Interest (OBV) indicators both looking particularly strong. Worth a watch.
Another TA trade complete. This need to find the next trend!The spike up had created a gap. A gap can be good and could be bad. I'll choose to take the profits and keep the capital now.
This stock took my longest patience since my last post was on 8.24.2020!
I will def keep you guys posted on some good trades that pops like this. You just need to wait on the sidelines a bit.
I love NIKE and I still LONG for long term.
NIKE Breaking out strong!!Nike brand digital sales jump 82% in Q1
Nike shares were immediately higher in after-hours trading after reporting earnings that blew past estimates. The athletic retailer reported $10.6 billion in revenue, far surpassing Wall Street expectations of $9.1 billion. Yahoo Finance’s Myles Udland joins The Final Round to break down the numbers.
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Nike expected to return to profit as online sales, demand from China pick up.
ANLYSE MENSUEL OF NIKE INCHi friends
The monthly chart of this market shows that it will see great potential for an uptrend in the coming days, but you also need to be vigilant to change the trend towards the opposite.
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Short Buy position on NikeDespite the good earning on Nike, We have 2 dynamic resistances, after the breakout and pullback which is along with a testing, We have good buying position with considering of SL and TP
nike after perfect earnings nike after bullflag the price action and patterns is talking bullish and crossing claster
$NKE Sitting on the sidelines into Nike Earnings
NKE has struggles as earnings approach and profit taking has resulted in 7% decline.
The indicators are bearish also.
Risk may be to the downside as expectation may be to high.
COVID has dominated the market today and that is not a help to retail exposure stocks.
$105 could very well be tested as support where the 50ma also resides.
