NIKE34 trade ideas
90 days negotiationTariff negotiation gives way to an upside until Q4.
Just do it. It's December anyway. PT new 52wk highs.
Nike Short (Daily)Stoch RSI well oversold, looking to bearish cross
Reached .5 fib retracement as well as near top of bband
Volume not convincing, but not "bad" either
Expecting slight move upward to ~$79 before retracement to ~$75, and possibly further down to bullish OB @~$72.50
Selling NIKE sharesOn the daily chart of Nike shares a bearish signal was formed - "Saucer" (beginning of the red zone one the AO indicator). Also, according to Elliott waves structure, the 5th wave should complete the current bearish trend. Going short in case of yesterday`s low breakdown.
Nike short on retracement pullbackLong rising trend line broken
Sellshort on pullback at 61.8% retracement
Trend Indicator on NIKEIn the chart of NIKE , in a one hour time frame, we can see that the bearish trend line has been broken and a good sign of that is that prices broke the moving average of 50 , so we can expect a change in trend.
Nike Inc - Daily - Just "Sell" It ?Trade Alert
It not be too late yet to catch a bit of that downside move. The stock has now shifted below the 200 EMA, which could be seen as bearish sign, at least in the near term. Also, the share price keeps forming lower highs, which is also not supporting the bullish scenario for now.
Please review the chart for the potential target levels.
Always have your SL in place.
Bearish gap fill then bounce for Nike (NKE) stock?Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal.
Let me know what you think in the comments.
Like this idea if you agree.
Trade IdeaTrade Idea is Nike (Long Position)
Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium
Entry is 76.38
Initial Target is 78.80
Second target is 81.46
Stop is 73.58
