Nike BearishNike looking to go lower, following blue structure, we can see we have a break, Looking to sell lower.
NKE trade ideas
#NKE bullish weekly reversal @ yearly pivotHello dear Traders,
Here is my idea for #NKE
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
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$NKE Short, clear divergence of RSI, and 9/21 crossover.Ticker: $NKE
Investment Strategy: Short
#RSI divergence from oversold
#Crossover of 9ema and 21 ema.
#MACD crossover and divergence.
Fundamental analysis:
Nike, Inc. (NKE) financials that may be helpful in conducting a fundamental analysis of the company:
Revenue: Nike, Inc.'s revenue has been steadily increasing over the years. In 2020, the company generated revenue of $37.4 billion and in 2021, it generated $39.1 billion.
Earnings: Nike, Inc. has been consistently profitable over the years. In 2020, the company had net income of $3.8 billion and in 2021, it had net income of $4.2 billion.
Dividends: Nike, Inc. has been paying dividends to shareholders. In 2021, the company paid dividends of $2.2 billion.
Debt: Nike, Inc. has a significant amount of debt. As of December 2021, the company had long-term debt of $8.2 billion.
Market Capitalization: Nike, Inc. has a market capitalization of $152.3 billion as of January 26th, 2023.
P/E ratio: Nike, Inc. has a P/E ratio of 34.7 as of January 26th, 2023, which is higher than the industry average.
Business Model: Nike, Inc. is a multinational corporation that is engaged in the design, development, and worldwide marketing and selling of footwear, apparel, equipment, accessories, and services.
Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.
Nike extends gains Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements.
Therefore we expect the stock to rise and target the resistance of 138.65, provided it settles above 118.47.
NIKE SHORTA historical third wave has ended, and its length is less than one historical wave, because the extension occurred in one wave. Currently, we expect that wave 4 will be made in any area of the above, and then a fifth wave will be made that will be less in height than wave three, so that wave three does not become the smallest of waves, of course, according to the rules Eliot
NIKE SHORTI think that the decline has not ended yet and it still has to descend to the shaded area in order to end its decline and start a new upward wave
NKE FlaggingCPI will likely impact cons disc stocks in a big way, can play this either direction on a break to targets marked by previous price action
NKE | Long with Bullish Bias - Continuation Bullish Pannent Spot#Week10-11-Strategy-1&2
BULLISH INDICATOR (DEC 30)
1. On Daily Bullish trend with HH and HLs
2. Daily price action is respecting the bullish trending channel
3. On the 1h Chart Bullish Pennant continuation pattern was spotted. It is sideways but a bullish trend is expected to follow.
4. Price action is expected to stay sideways between FIB level 78.6% and 100%
5. Price action is testing a significant Resistance zone from daily charts between 116-118. If broken then bullish expected
6. RSI does not show any divergence.
BEARISH INDICATOR (DEC 30)
1. Price action is testing a significant Resistance zone from daily charts between 116-118. So either it will stay sideways for the reverse for some time.
PREDICTIONS
1. Due to the Bullish Pennant continuation pattern, the price is expected to stay sideways for some time before continuing the Bullish trend.
BIAS 1 = LONG - PLAN 1 (Buy @ Market price)
BIAS 2 = SHORT - PLAN 2, (if PLAN-A SL1 hits then anticipate to SHORT @ market price after re-checking the bearish indications)
TRADE PLAN
————————
PLAN A: LONG @ Market price
EN1: 116.24 (@ Market)
SL1: 112.38
TP1: 119.85 - RR: 0.8 - Lt: 0.5
EN1: 116.34 (@ Market)
SL2: 110.12
TP2: 125.45 - RR: 1.4 - Lt: 2
PLAN B: SHORT
If SL1 of PLAN A hits, signaling reversal, Enter slightly below SL2 of PLAN A
EN: 109.2
(Re-Check Values Again before entering the trade)
SL1: ?
TP1: ? - RR: 1.0 - Lt: 0.5
SL2: ?
TP2: ? - RR: 1.4 - Lt: 2
Will NKE run off or fall to the dirt NKE having a hard time making a new high after the pop from earnings Nike trading sideways with a $11 gap to the downside starting at $115.39 that a lot of trades would love to take
NIKE Inverse Head & Shoulders start the recoveryNike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash recovery.
As you see even the 1D RSI sequences between the two are similar. It would appear that right now we are in the process of turning the 1D MA200 in a Support as in mid-June 2020. Two weeks after the price convincingly broke above the Right Shoulder and the rally stopped just below the 2.0 Fibonacci extension.
If the current pattern repeats the 2020 one, then the 2.0 Fib extension will get the price to 155.00. That is just below the 0.786 Fib retracement from the All Time High. Right now the price is on the 0.382 Fib.
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Long in NKENike Inc reported its best quarterly revenue growth in more than a decade barring one quarter and handily beat profit expectations on Tuesday, as North American shoppers rushed to stock up on sneakers and sportswear before the holidays.
NIKE: A POST EARNINGS PLAYNike reported earnings on the 20th after the market close. The stock increased by more than 12% the following day.
The price of the stock revisited the resistance level that was rejected in June and August of 2022. Before the rejections, this level acted as a support as seen in March and April of 2022. In this chart, the support/resistance zone is marked by the yellow box.
Additionally, this zone currently coincides with a VWAP anchored back to November of 2021. We observed that the price action rejected at both the anchored VWAP and the yellow box zone of resistance on December 21st of 2022. If price revisits this level, look for price action consistent with what we have observed in the previous rejections.
$NKE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NKE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
NIKE LONGS!Nike longs!
Nike (NKE) has surged over 12% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast.
Price action has formed an inverse head and shoulders pattern, looking for the price to run back towards $150, as we look to break out of the bearish market structure via the weekly.
NKE hitting MAJOR clusterWhat an interesting chart.
After price hit the 200 Daily SMA with a triple tap (divergence pattern), price has just arrived at a major support cluster where the Monthly Pivot, the 100 SMA and a previous support area meet. Below, the big round number 100 is waiting closely too.
A pullback into the 200 Daily SMA during the current year*s dowtrend is usuaully foreshadowing more bearishness to come. But the big support cluster will require some sort of catalyst in order for the price to break below it. And since we are heading into the last week of trading this year, I don´t see anything on the horizon. A sideways drift seems likely.
Below 100, the price will have quite some room thouhg.
Nike: 3 Black Crows with Hidden Bearish Divergence Earnings PlayNike is yet to release their earnings but they will be releasing them tomorrow and i'm anticipating that whatever they are will result in a downwards move towards the $65 area; I will be playing this move via Buying of the January and February $80 Puts and Selling the $100 January 20th calls.
$NKE has taken out my first price target on the daily $NKE has taken out my first price target on the daily and headed towards the $102.92 PL, then towards the gap fill at the 99.58 PL
NYSE:NKE
NKE NIKE Options Ahead Of EarningsLooking at the NKE NIKE options chain, i would buy the $100 strike price Calls with
2022-10-21 expiration date for about
$3.45 premium.
Looking forward to read your opinion about it.
NKE - Could have bottomed?NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually.
However, I suspect the eventual break will be more likely to the upside as the resistence turned support zone ($99-$103) has been holding up in the past few months, plus a bullish divergence can be seen in the monthly chart.
Earnings expected on 29 Sep AMC. Guess we'll know by then where it is heading!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NKE long because of cup and handle.NKE has perfectly completed cup and handle pattern and has started to go higher. Perfect time to long in my opinion.
I have mentioned my entry, stoploss and take profit levels.
You can share your thoughts, give suggestion or ask any questions in the comments.
NKE LongThe all time uptrend of Nike has been supported by the EMA 100 on the monthly chart several times. Furthermore the current correction has formed a bullish flag, which we are starting to break out of. The daily 200 EMA could act as short term resistance, but overall I think Nike has the potential to move substantially higher in the future.
