NKE trade ideas
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.
$NKE Nassive Monthly H&S of DEATH Forming? Tariffs to Come?Taking a big picture look here it seems we could have a left shoulder and head formed on the monthly. Now it would be time to go into a lengthy development of the right shoulder.
Anyways based on this chart, long-term, I'd be short on Nike but let's see what happens. This could be an indicator of Tariffs to come.
NIKE HAS GOOD RISK REWARD FOR A TRADE INTO EARNINGS There is no doubt there is risk involved in Nike pre earnings, once the word China is used during the earnings call things can go south very fast but We think the risk to reward ratio is good. One factor to consider is the TIGER WOODS effect could have spurred on sales in golf apparel once again, during the majors in which he was once again top billing.
Ath leisure remains very strong and growing at a considerable pace worldwide as men start to embrace the once women only Yoga clothing. LULU and UAA have reported great quarters, so the same should be expected of NIKE, still the KING.
NKE Pre-EarningsEarnings sucked last quarter and they're pumping this crap with Dow futures. Expecting a one or two day drop before earnings.
I have no intention of shorting the earnings, it's a total guessing game with NKE.
NKE Cloud break and Reverse H/SKind of collapsed recently but looks like it wants to recover old highs. I always watch these clear patterns as I know there will be a lot of eyeballs on them.
Nike Closed The Daily In An Inversed H&D BreakoutLooks like it might be an early runner tomorrow....keep your eyes peeled to see what it does.
NKE Earnings next weekEarnings sucked last quarter, expecting this to scroll lower this week as jittery investors bail before earnings. Hoping to get a buck or two out of this, but has the potential to retest $77.
