Nike about to test heavy Resistance Technical analysis
We see a divergence between the OBV indicator with a downtrend since august. (short-time bear)
Heavy resistance will probably be tested soon around $90 . / check chart for more details
NIKE34 trade ideas
NKE, just short it.Can't believe this PoS hit ATH again. Obviously getting a pump from being in the Dow, this will tank again when the pump stops.
Rolled my COUP profits into some weekly puts. Might just be a one day play on what appears to be a reversal. Of course they might pump futures tonight, so be careful. Small play.
Nike updateNike market cap $138.51B and is part of Dow Jones. Price approaching all time highs again. Recent daily candles show price finds it difficult to go higher, though there is space to overbought on a daily.
4 hour though quite overbought and candles showing potential reversal here. Great risk reward for a short here.
Good Luck!
Buying Nike here ...The stock started a solid move last week but with the overall markets being so bearish, that recent run has slowed down.
We still think that despite all that collusion on the chart, the stock is actually still in a mini bull run. Earnings are on the 23rd and we expect a strong move into them.
We'll buy the 9/20/2019 $90 calls to try and take advantage of it ...
Nike - daily structureSeems like a correction is almost complete.
Looking for an impulse in wC to complete as a 5 wave movement.
$NKE Historical Movement: Nike Loves The 50% RetracementPrevious price action shows Nike reversing off the 50% retracement. Im looking for a short if this level holds.
$NKE Nassive Monthly H&S of DEATH Forming? Tariffs to Come?Taking a big picture look here it seems we could have a left shoulder and head formed on the monthly. Now it would be time to go into a lengthy development of the right shoulder.
Anyways based on this chart, long-term, I'd be short on Nike but let's see what happens. This could be an indicator of Tariffs to come.
NIKE HAS GOOD RISK REWARD FOR A TRADE INTO EARNINGS There is no doubt there is risk involved in Nike pre earnings, once the word China is used during the earnings call things can go south very fast but We think the risk to reward ratio is good. One factor to consider is the TIGER WOODS effect could have spurred on sales in golf apparel once again, during the majors in which he was once again top billing.
Ath leisure remains very strong and growing at a considerable pace worldwide as men start to embrace the once women only Yoga clothing. LULU and UAA have reported great quarters, so the same should be expected of NIKE, still the KING.
NKE Pre-EarningsEarnings sucked last quarter and they're pumping this crap with Dow futures. Expecting a one or two day drop before earnings.
I have no intention of shorting the earnings, it's a total guessing game with NKE.
NKE Cloud break and Reverse H/SKind of collapsed recently but looks like it wants to recover old highs. I always watch these clear patterns as I know there will be a lot of eyeballs on them.
Nike Closed The Daily In An Inversed H&D BreakoutLooks like it might be an early runner tomorrow....keep your eyes peeled to see what it does.
