NKE trade ideas
Nike Up Over 10%Since the last Nike post, price has moved up 10.4% and continues to demonstrate strength in the market.
Nike had its earnings release on September 22nd which had a positive effect on price as we saw a jump
from $116 to $130 overnight, adding increased profits to its shareholders.
That gap up in price was followed by a decline/pullback and price now appears to have found support
because we are seeing a continuation of the bullish momentum.
Price broke out of consolidation in early August and has trended well so far, using the 20 simple
moving average as support. When price uses the 20sma, it helps to confirm if we are seeing a linear
trend in play.
As the current pullback is showing strength, we are now anticipating a breakout above the recent high
at $130. A break and close above this level will confirm a continuation to the upside and offer us some
high probability long opportunities.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
NKE Starting to fall below Moving AVGOn the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon.
Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so should you.
NKE Swing Idea
NKE showing strength on a relative basis compared to the S&P 500 index ( SPCFD:SPX )
Strong recent earnings reaction (+8% on earnings day) with new all-time high
Consumer Discretionary ( SPCFD:S5COND ) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend)
Solid dip buy opportunity with limited downside risk using 122.50 as a stop.
NKE - 2 PossibiitiesScneario 1 - Goes back up to the Supply Zone
Scenario 2- Goes down to the Demand Zone/ or Fills Gap before bouncing back up.
SLIGHTLY BULLISH ON NKEHi community!
Here I´m shearing my thoughts on NKE.
Looking for a bounce from the retest of upper side of this ascending channel.
Selling some premium with the put spread near the actual price and the call spread far away just working as a buffer in case needed.
NKE:NYSE - NIKE INC - Looking strong post earningsNike has been looking good after breaking through a previous resistance area and successfully retesting a previous support and resistance level. RSI and Buyer Interest (OBV) indicators both looking particularly strong. Worth a watch.
Another TA trade complete. This need to find the next trend!The spike up had created a gap. A gap can be good and could be bad. I'll choose to take the profits and keep the capital now.
This stock took my longest patience since my last post was on 8.24.2020!
I will def keep you guys posted on some good trades that pops like this. You just need to wait on the sidelines a bit.
I love NIKE and I still LONG for long term.
NIKE Breaking out strong!!Nike brand digital sales jump 82% in Q1
Nike shares were immediately higher in after-hours trading after reporting earnings that blew past estimates. The athletic retailer reported $10.6 billion in revenue, far surpassing Wall Street expectations of $9.1 billion. Yahoo Finance’s Myles Udland joins The Final Round to break down the numbers.
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Nike expected to return to profit as online sales, demand from China pick up.
ANLYSE MENSUEL OF NIKE INCHi friends
The monthly chart of this market shows that it will see great potential for an uptrend in the coming days, but you also need to be vigilant to change the trend towards the opposite.
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Short Buy position on NikeDespite the good earning on Nike, We have 2 dynamic resistances, after the breakout and pullback which is along with a testing, We have good buying position with considering of SL and TP
nike after perfect earnings nike after bullflag the price action and patterns is talking bullish and crossing claster
$NKE Sitting on the sidelines into Nike Earnings
NKE has struggles as earnings approach and profit taking has resulted in 7% decline.
The indicators are bearish also.
Risk may be to the downside as expectation may be to high.
COVID has dominated the market today and that is not a help to retail exposure stocks.
$105 could very well be tested as support where the 50ma also resides.
Just going to do itI love this company but:
1. Technicals look bearish short term despite having results tomorrow
2. People visiting gyms is decreasing ( athletic clothes sales as a fashion is going to decrease)
3. All the kidos are going to keep their last year shoes since they stayed home and did not teared them apart
4. Neymar signed with PUMA
5. Arenas are closed
*They moved to their own online shop which will improve margins 100% but sales will be bad in the upcoming year and going forward 21 In my opinion...
Do not take my graphs seriously!!!
Nike Climbs While The Rest Of The Market Dips.Nike has been off the radar for some time, especially since it started consolidating from December
2015 to May 2018. The trend following its breakout of consolidation has lacked the energy and
momentum of the prior trend when Nike shares saw a growth of 612% from March 2009 to December 2015.
The trend experienced its first pullback and made contact with the resistance turned support at $68
in December 2018 before slowly rising again.
Then due to the recent global pandemic, Nike shares plummeted towards the support at $68 once again.
We then saw a sharp increase in price, seeing a rise back above the 200 simple moving average and since
then we have seen a linear trend in play.
The market as a whole are experiencing pullbacks and Nike looks set to end the week pulling back itself.
Despite this, Nike is outperforming the rest of the market at the moment.
Nike has the daily 20 simple moving average below it at the moment which may provide support,
then we have the 50 simple moving average as a second option for support.
Nike remains at the top of our watchlist for the simple fact that it has started to trend well and may
continue to do so for some time going forward.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Nike completes the 5 impulse wavesNike completed the five waves structure and may be due for a correction.
