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.
