NIKE34 trade ideas
NKE FlagNKE is forming a flagging formation and has been in consolidation for the past couple months. Looking for this to breakout soon up to the $104 range.
Nike - NKE• Missed to create a new high in July
• Descending triangle with a support 94.41/95.04 (gap from end of May) and a resistance at 98.28
• 76.4% Fibonacci Retracement strengths the support at 94.40
• If the stock breaks through the support, next support will be at 87.01/89.66 (gap from mid-May) and the 61.8% Fibonacci Retracement at 87.80
• In my point of view a breakthrough is expectable.
Symmetry Triangle might become Descending TriangleIf Symmetry Triangle fail, it might become Descending Triangle. Watch out. Not sure if I want to take any position yet?
NKEDigital numbers have continued to increase even with stores having reopened, with triple-digit percentage increases in May.
The company continues to see skyrocketing revenue each quarter, and it's finally is beginning to turn a profit.
Updating my existing $NKE shortSeems like a symmetrical triangle formed and within it i spot an inverse head and shoulders. Great for a call credit spread at 100$ if you can get a good premium. The ceiling is solid!
Time to leave! I'LL BE BACKMONTHLY rsi and price movement for nike. No matter how much money is printed in the us my favorite sports brand will have a rough time for the upcoming years since most of the money went to the stock market and the majority of people are going to see their income decreasing for the next years. However after we've go through this nike is going to shine since it's investing huge amount of money in it's online business model.
Cup and Handle Unfilled GapThat gap will haunt me to where I will most likely never trade it until it is filled
I do know some folks do not mind unfilled gaps tho.
No earnings until the end of September so maybe worth watching
NIKE was in a rising wedge but has fallen out
I find that trading near the handle low which is close to my stop is not always a worse case scenario
Not a recommendation and I do not own this stock
NIKE ($NKE) Bull Flag BreakoutNYSE:NKE bull flag breakout is about to happen. This time it may surpass the supply zone.
NKE declined quickly could rise just as quickly We have seen a support form at 93.60
Resistance has formed at 104.50
We saw from June 10th to 15th a decline of about 8%
We see the same decline only in 1d
If we look at the past we can predict a quick jump in the future
Take profit at around 101 to 104
Stop loss at 93 dollars to give us a little buffer between the support
Buy early Monday morning or set a buy limit of 96.00
Good Luck MoneyTradingCrew
Please like and follow
NIKE Inc. (NKE) Harmonic Bat Pattern Potential AnalysisHarmonic Bat Pattern Potential, with BACA("Break Across and Close Across") 50% B point BAMM( Bat Action Magnet Move) level, for the CD leg.
PRZ(Potential Reversal Zone) at 0.886 Fibonacci Level at 86.4
Going in for the kill on $NKEThis chart looks super bad! If it breaks support i can see this dropping to 70$
$NKE Long Into Nike earnings (risky)
Stock within a very tight wedge, maybe tonight's earnings
will bring a frantic conclusion.
MACD and Histogram are reversing .
Momentum also crossed above zero-line.
Local POC is current resistance .
A break to new highs could see $110
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
C&H Earnings AMCIt is always risky to trade on earnings so do your own research on this one!
This stock rose from the bottom in an ascending wedge pattern/irrational exuberance, but has fallen out of that wedge, just not quite as far as I would have hoped. It is also in an ascending triangle with some tough R at 105.6 (ish)
Hypothetical Breakout: 106
Stop below handle low: Under 93
Target 1: 121 to 132
Target 2: 164 to 175
Be safe!
$NIKE $110 price target
Not the ideal timing for NIKE earnings as the market has turned somewhat sour.
Expectations are high and Nike may be seen as a safe bet in uncertain times.
Breakout target $110
buy a fresh pair of nike sneakers or you can trade it.I have decided to start trading nike instead of checking out the latest fresh sneakers.
Im using basic technicals analysis to try and see if i can test the pulse of the asset.
According to news ( found on tradingview.com ) this asset is looking bearish but only the monday open and close of the day would determine if my analysis is correct or does my strategy needs abit more fine tuning
Nike should be dropping but im waiting for the asian session to create inititial high and low and that will be my confirmation.
Follow up post to confirm entry . Stay tuned
WaveMakers.Inc
Nike - A SneakerHeads TA We're expecting a slight retrace in the whole market as it takes a breather from the crazy run it has had since the pandemic started. RSI levels went through the roof, the market is trying for a V shaped recovery, but we have what is expected to be the worst earnings season ever a few weeks out. Until then we'll most likely be jumping in and out of positions for quick swing trades.
Taking a look at Nike. It has proven time and time again to be wary of shorting stocks with cult like followings (Apple, TSLA, Amzn, NFLX). Even when the numbers disappoint, consumers continue to use these stocks and praise the product defying financial statistics. Nike is no different and the SneakerHead following proves this. Even if we see a drop coming we would expect the cult to buy the shares back up.
TA:
With the above being said, looking at the TA, for the moment we'll be looking for a quick swing trade entry loading up between $90-$94 region with a tight stop at $88.50, taking profit at the $104 range where we got our most recent resistance. We see Nike has been holding the 55MA, RSI has fallen back into neutral territory, and the DMI and the TTM appear to be gearing up for a squeeze.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
