$NKE with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $NKE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
NKE trade ideas
Nike: Air Jordans in murky Asian watersNike
Short Term - We look to Sell at 110.32 (stop at 118.64)
The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50.
Our profit targets will be 83.50 and 75.00
Resistance: 115.00 / 120.00 / 140.00
Support: 105.00 / 95.00 / 83.00
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Earnings watch 6/27-6/30Earnings watch 6/27-6/30:
6/27
NKE
JEF
6/29
BBBY
GIS
PAYX
MKC
FC
6/30
WBA
STZ
MU
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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Nike Bullish Reaction From Weekly SupportIn this update we review the recent price action in NIke and identify the next high probability trading pattern and price objectives to target
Analyse for price acting, Nike #NKEMy take on Nike, so this analyse shows that it can go up or down or do any randomly unexpected things that the market wants.
NIKE Inc (BUY)Nike could make us happy in the next few days if the RSI breaks the 50 zone and we have a rebound.
Explanations on the graph.
NKELooks like we may be retracing from the previous C wave. Sell volume decreasing on the last two candles with some bull volume coming in on the current candle. RSI is in oversold territory on the weekly, daily, and 8 hour. Current candle is a flat bottom so far. MacD may also be losing momentum. The current candle has formed bullish right after an indecision candle at a support area. Strong wickage at this level looking back towards May 12th. Looking to see if we can retrace 1 to 80% of previous high a month or more out. Let's see what happens! Might be a good idea to wait until next week. The market been green the last two days.
What do you think? Let's have a great day!
NKE triggers SHORT opportunityNKE has settled below support with confirmation and is offering a decent risk/reward ratio @ entry.
This trade idea is trend favoring. I've detailed my ideal entry, stop loss and targeted areas on the chart.
I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
NKE in consolidation faze 🤖scalps can work in this area but need to be in and out quickly ! for swings I'm watching for break of 124.65 for long position, break of 104.65 for a short.
The price failed to break the support of 105.33The price failed to break the 105.33 support, which is expected to rebound towards 120.00
Nike to Drop in Price Until Near AugustGood Day To The Investing World
As shown in this simple analysis, judging from the previous few months of Nike's recorded performance, we can expect a drop in price on Nike's stocks.
This is a similar case for rival Adidas, who has dropped 29% in the past half year. Despite the lockdown era coming to an end, it's only one or the other that will eventually make the line point to the sky.
However, as the price falls, the trend rises. Therefore, the rise in trend will mean that eventually, as stated in the title, Nike may start rising again.
NIKE 5/28 PREDICTIONNike predicted pattern based completely on support and resistance trends from past weeks
$nke getting to 61.8% fib $NKE getting closer to earnings report.
$NKE in the 61.8% fib retracement, should get back to the area of $116 / 117.
$NKE MACD getting a nice crossign point.
Nike sitting on 20-year support lineJust an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend lines that stretch back decades. Seems like a warning to those who are selling or shorting Nike at this level. Anyone feel differently?
Not financial advice.
NIKE divergence, short??However, it is the 1W time frame that MACD and RSI divergence looks pretty clear.
Even analysts tell that Nike will go long, but there is a phrase that buys on the rumor sell on the news. This time sell on the analysts' TP forecast news.
It is better that be careful to go long at Nike.
NIKE WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
NIKE buyNIKE buy ... buy after the break above the resistance 1 and 50 ma ....finally target resistance 2 ....
Short NKE @ 113.52 Fractal BreakoutNKE strolled for the last month around the Balance Line and now looks ready to move to the downside.
It crossed the 124.32 fractal and then tested the balance line after creating a new fractal at 120.48 which is now broken.
Stop loss is closing above the Balance Line. Target is whenever the trend ends (also by closing above the Balance Line).
Nike (NYSE: $NKE) Sprinting Toward Golden Pocket! 🏃NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, the company licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al
NIKE (NKE) looking BearishPotential short trade set up for NKE.
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
Master Wu chart layout This is the basic layout I use to play strat see clean setups and clean tops and bottoms! Use the three share button to click and make the layout yours!
