Beautiful buying opportunity for NKE?Look at it, its beautiful. It should continue to range within the wedge and we are currently at the bottom. Some 6 month out calls should do really really well as well as some LEAPS.
Buy buy buy buy!
NKE trade ideas
Triangle Formation on Nike’s Chart: Potential Upside TargetsHello Traders,
We’ve spotted an interesting pattern forming on the chart of Nike (NKE). A triangle formation has emerged, and we’re currently sitting on the bottom line of this pattern. This could be a critical juncture for Nike’s price action.
If the price bounces upwards from here, we have identified a few target points and key resistance levels based on Fibonacci retracements. Here they are:
First Target: $112.60
Second Target: $137.56
Third Target: $167.69
I added a few potential trades that both have a risk factor of 3.
NKE I AM BULLISH !!!!! even after earnings... Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone...
It's not gambling... They pay a dividend, China is back, ... interesting growth potential...
Earnings are forecast to grow 11.04% per year
Correction: I've just been informed that some purchases will be made next week... not today... NYSE:NKE
Nike Faces Stock Tumble Despite Earnings Triumph 📉Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community.
The Numbers:
Nike's third-quarter revenue climbed to $12.43 billion, surpassing analysts' projections, accompanied by an earnings per share of 77 cents. However, the elation was short-lived as the company forewarned of a low single-digit decline in revenue for the first half of fiscal 2025.
Reasons Behind the Decline:
Chief Financial Officer Matthew Friend attributed the anticipated revenue dip to the company's strategic shift in its product portfolio towards innovation. This pivot, while essential for long-term growth, poses short-term challenges, particularly amidst a subdued economic landscape globally.
Global Market Dynamics:
Nike's performance across different regions depicted a mixed picture. While revenue in Greater China showed a modest increase, the EMEA segment witnessed a decline, reflecting the complexities of navigating diverse market conditions.
Olympic Hopes:
With the upcoming Summer Olympic Games on the horizon, Nike is banking on several product launches and marketing endeavors to captivate consumers. The event presents a pivotal opportunity for the brand to showcase its latest innovations and amplify its brand storytelling.
Strategic Adjustments:
Nike ( NYSE:NKE ) is taking proactive measures to align its product offerings with evolving consumer preferences. This includes reducing the supply of classic footwear models in favor of newer, innovative products that resonate better with modern consumers.
Investor Reaction:
Despite the positive earnings report, Nike's stock experienced a significant drop in after-hours trading, signaling investor concerns about the company's near-term revenue outlook. The stock plummeted to its lowest levels since last October, reflecting the apprehension in the market.
Outlook:
Nike navigates through short-term headwinds, its focus remains on driving innovation and capturing market opportunities. The success of its strategic initiatives, coupled with the buzz surrounding the Summer Olympics, will be closely monitored by investors in the coming months.
In conclusion, while Nike's earnings beat underscores its fundamental strength, the stock's post-earnings dip underscores the challenges ahead as the company charts its course in a dynamic marketplace.
NKE dumped after earnings, what next?Analyzing NKE I find that the long term downtrend is still not managing to reverse, but is showing some signs.
Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22.
If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the long term, and will dump further and further, until we print a real weekly div.
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1.
If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1.
Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
NKE NIKE Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE:
Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $10.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S&P 500 Falls + Nike Price Target DropsThis is probably not a good time to buy a stock because SP:SPX
is falling down in performance.
--
Sadly am seeing many people in the trading community entering trades
late into the market open on intraday trading strategies on which
I have no experience in.
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This type of mindset leads you to buy from the top in a bag holding
stance or best case scenario a sideways market which is the worst feeling
ever.
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I don't like buying flat markets without a catalyst because the catalyst
causes the price to move.
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Nike Price Target Drops To $125
According to the breaking news tab right here on Trading View you will see that
analyst from Citi Group is suggesting a drop in price target from
$135 to $125
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This is a heavy bearish sentiment which is very much in alignment with
the current state of the market.
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S&P 500 Is In A Downtrend
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This is all over the headlines and sadly it's true the market
is tanking and bitcoin BINANCE:BTCUSDT followed suit
even though its recovering slowly the point is it crashed as well.
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Citi Group Cuts Nike Price Target
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This is one of the features of the stock market where the people on the trading
floor at Wall Street are looking at the crowd sentiment to try
to predict the price action
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The problem is its difficult to determine price action because we are
trading volatile prices every day
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Your only safety is risk management
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The rocket booster strategy according to this chart is showing you
that this price is in a downtrend
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The Rocket Booster Strategy:
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1-Price has to be below the 50 MA
2-Price has to be below the 200 MA
3-The 50 MA Should Cross Below The 200 MA
--
If you want to trade the right stocks then you should learn a trading strategy
the one above is the rocket booster strategy
--
Rocket boost this content to learn more
--
Disclaimer: Take this as a warning you will lose money from trading do not buy or sell anything I recommend to you. Learn risk management and please trade with caution.THis is not financial advise there are just ideas and opinions.
NKE, Nike... China regains strength...Earnings are forecast to grow 10.98% per year
Analysts in good agreement that stock price will rise by 20%
China is regaining its strength... this should help Nike's sales.
NKE - Doing It ✔️Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
NKE ShortShort shares of NKE - earnings soon. I don't expect them to be positive, personally.
COVER BEFORE EARNININGS unless you are looking for a gamble.
Depending on risk :
Set a stop-loss around 101.72 to 107.05
Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on.
I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings.
You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options.
Otherwise, best of luck in the markets, everyone!
FREE #OPTIONS Ideas FREE #OPTIONS Ideas
Scale out when above 25% Profit
NYSE:JNJ 165C>160.76 | 155P<159.39
NYSE:ORCL 113C>112.81 | 110P<110.91
NASDAQ:SBUX 92C>91.94 | 91P<91.21
NYSE:NKE 100C>99.80 | 97P<97.36
DROP A LIKE IF U WANT ME TO KEEP POSTING THESE FOR FREE!
NIKE big Wlong since 102$. will it be a big W, or huge W? we'll see...
Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
FREE #OPTIONS Ideas - WATCH $NKE for a swing setup this weekFREE #OPTIONS Ideas
Scale out when above 25% Profit
NYSE:NKE 104C>103.67 | 102P<102.34
NASDAQ:SBUX 95C>94.02 | 93P<93.18
NYSE:BAC 35C>34.06 | 33P<33.80
NYSE:GM 40C>39.07 | 38P<38.23
LET ME KNOW IF YALL LIKE THSE FREE PICKS DROP A LIKE!
NKE LongNKE hitting a demand major demand zone, looking to go long here to 120-125 by April. As you guys can tell i am a low risk, with high reward trader. the contracts I trade are no more than $200 per with the ability to print 200-300%. Goodluck! Not investing adivce.
Nike is Laying Off About 1,700 WorkersIn a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($NIKE) has announced significant cost-cutting measures, including the layoff of approximately 1,700 employees, representing about 2% of its workforce. This move comes as part of a broader initiative aimed at slashing costs by as much as $2 billion, reflecting the company's proactive stance in the face of shifting consumer behaviors and intensifying competition.
The decision, outlined in a recent statement by a Nike ($NIKE) spokesperson, underscores the company's commitment to optimizing its operations and capitalizing on its most promising growth opportunities. With consumer preferences evolving towards more essential purchases and experiential spending, Nike finds itself confronting a landscape where traditional discretionary purchases, such as high-end sneakers and athletic wear, are facing increasing scrutiny.
Compounding these challenges are the emergence of disruptive upstart brands like Hoka and On Cloud, which have been steadily encroaching on Nike's market share. This heightened competition underscores the imperative for Nike to not only streamline its operations but also to innovate and differentiate itself in a crowded marketplace.
However, the headwinds facing Nike ($NIKE) extend beyond shifting consumer trends and increased competition. Global economic uncertainties, particularly in key markets like China and Europe, have further complicated the company's outlook. Concerns over subdued consumer spending, exacerbated by macroeconomic factors and geopolitical tensions, have cast a shadow over Nike's growth prospects in these regions.
In China, the world's second-largest economy, a confluence of challenges ranging from a real estate downturn to weaker exports has dampened consumer sentiment, posing significant hurdles for Nike's ($NIKE) expansion efforts. Similarly, Europe's economic woes, punctuated by stagnant growth and the specter of recession, have added to the company's woes, with Germany, the region's economic powerhouse, experiencing its first contraction since the onset of the Covid-19 pandemic.
Against this backdrop, Nike ($NIKE) finds itself at a critical juncture, where adaptability and resilience are paramount. By undertaking proactive cost-cutting measures and recalibrating its strategic priorities, the company aims to navigate these turbulent waters and emerge stronger in the long run. However, success will hinge not only on internal restructuring but also on Nike's ability to innovate, engage consumers, and effectively respond to evolving market dynamics.
In conclusion, Nike's ($NIKE) decision to implement workforce reductions and embark on a cost-saving initiative reflects its proactive stance in the face of economic headwinds and industry challenges. As the company charts its course forward, it must remain vigilant, agile, and customer-centric to maintain its competitive edge and sustain growth in an increasingly complex global landscape.
#NIKE Technical Analysis and Trade IdeaMarket Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity.
Trade Strategy: Target a buy entry upon a retracement to the 61.8% Fibonacci level. Be sure to place a stop-loss order below the recent swing low to effectively manage risk. Maintain a favorable risk-reward ratio.
Video Focus: This video explores the technical analysis principles that support this bullish perspective:
- Trend Analysis: Identify breakouts and trend reversals with clarity.
- Liquidity Runs: Understand how stops are targeted and the impact on price.
- Fibonacci Retracements: Recognize key retracement levels for optimal entries.
Disclaimer: This analysis is provided for educational purposes and should not be interpreted as financial advice. Thoroughly conduct your own research and assess your risk tolerance before making investment decisions.
NKE Swing Trade IdeaFor all of the statters, look at how many different participants are looking to enter at 104.96. This can get real nice...
Nike Analysis WeeklyNike, Inc. is a U.S. multinational company that manufactures footwear, clothing, and sports accessories. Created in 1971, it is based in Beaverton, in the metropolitan area of Portland, Oregon
Nike - Buy/Long Nike is performing really good EPS is up 0.18 against last year same quarter , Revenue is up 70m
Sector is bullish for the next 2 3 months. Good price to buy now.
NIKE - Just Trade the Wedge?This wedge has formed and should be a super consistent pattern to trade within until we see a breakout (probably to the upside).
Excellent long opportunity, my long entry is around $95 as I like to get the best price possible.
I may also dollar cost average down via writing weekly expiration at the money puts (being paid to place limit orders) in order to generate some extra cash flow along the way.
Please use proper risk management.
Thanks!
Nike - Buy/Long The company is performing really good fundamentally , good quarterly results and the sector is performing well , expecting bullish 2 3 months for that sector.
I like Nike at 170
It is in a strong support zone, close to covid levels. He should recover and go to 170 in the long term
