#GoLong #NKE $NKE Will be entering a long position this week in Nike. This will be in my retirement account not trading account.
NIKE34 trade ideas
Elliott Wave View Favors More Upside in Nike (NKE)Short term Elliott wave view in Nike (NKE) calls the rally from June 3 low unfolding as a 5 waves impulse Elliott Wave structure. Up from June 3 low, wave 1 ended at 78.58 and wave 2 pullback ended at 77.58. Wave 3 ended at 84.23 and subdivides as another impulse structure in lesser degree. Wave 4 pullback ended at 82.47, and wave 5 ended at 84.38 which also subdivides as an impulse in lesser degree. The 5 waves move higher ended wave (A) and the stock is now correcting cycle from June 3 low in wave (B)
The correction is proposed to unfold as a zigzag Elliott Wave structure. Potential area where wave (B) can end is 50 – 61.8% Fibonacci retracement of wave (A). This area comes at 79.69 – 80.54 where buyers can appear for more upside. We don’t like selling the stock.
NKE Has Strong ReboundNike rebounded from a steep sell-off, to gap and run up. The support for the rebound is prior months’ highs. Stock indicators turned positive. However, resistance is stronger against the rebound candlestick pattern.
NKE more correction before longNYSE:NKE should find its way down to the 61.8% fibonacci line, breaking below pitchfork support, before making its way back up to my entry target of $85 (78.6% fib). After that it should have regained enough strength to give it the push to 90. Volume needs to come back before a breakout through 90 occurs.
NIKE 1D COLLAPSINGPotential Market Problem with Chinese Tariffs
Market Place - 5 Dow Stocks with High Chinese Exposure with 10% revenues in China
Apple, Boeing, 3M, Nike, Procter & Gamble
Market Realist - 2014 28% Nike shoes sold in China
34% Nike Apparel sold in China
GQ - 2017 19% Nike shoes sold in China
1D chart
Descending Triangle chart pattern
Weekly support levels shown
Triangle bottom and Weekly support level create a support zone
Watch for a candle close below this zone
Watch for a break-hook-go pattern on smaller time frame
Decreasing volume and rising price shows buyers weakening creates a bearish bias
Nike Divergence
Nike a potential divergence on the 4 hr chart. My entry would be base on the 1 Hr chart and overall price movement will be looking at the daily timeframe.
NKE for the long run The level of support rising indicates a potential bullish trend for NKE, my prediction is drawn on the green line. I suggest buying calls for the long run
NKE Double Top on Short-Term TrendDouble tops seldom decline steeply. The current price has not dropped through the top completion level. If it breaks through that support, the target downside run gain is around $78.
Nike Wait for head and shoulders !Comment if you have a better Idea , I'll appreciate it
Like if you agree...
NIKE 1D sell the breakdownNike's uptrend starting to run out of steam. Look for sells on the breakdown from this structure
NKE: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NKE kicking it to a new high despite crap earnings Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.
According to my chart, DOW should top out Wednesday. We'll see.
Fall... Just do it.Hard intraday reversal means we should be seeing an abc back to the .382 retrace and retest of the channel trendline here.
Woods BIG win to push $NKE Higher?Taking a shot on this swing to the upside with Tiger Woods getting a win. Hes the poster-boy for Nike Golf and he just caught himself a big win. For some reason I just see every "Middle Age'd Guy in America", waking up tomorrow morning and saying - "Hey you know what, that Nike looks like a good investment bois."
Will set limits as noted and update trade first thing tomorrow morning.
Just Dump It! :)Easy stop loss on the nke for a potential short play
seem to be a strong stock at the moment so be careful play small
