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NIKE INCNIKE INCNIKE INC

NIKE INC

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NKE trade ideas

Nike $NKE Trade IdeaTook a trade on NYSE:NKE on Dec 1 (last Friday) as the price closed above the resistance zone per the chart image. Since then the price rallied as expected. It is now approaching my first exit point at $117, so I will exit 30% of my contracts. My short/medium term target will be the red diagonal line on the chart which is the 2023 resistance level, at about $119-120 per share. The MAs are all sloping up pointing to a short term bullish trend, however the oscillators are showing overbought condition so I would be wary of a near term pullback. This will provide me with an opportunity to add more contracts with a longer DTE if the price sentiment hasn't changed. Hope this was helpful for the readers, follow for more trade ideas. Thank you, BK
NYSE:NKELong
by Konstandinovic
Swing Trade Patterns: $NKE ExampleNYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day. Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock. The higher line is the bottom completion level for this short-term bottom. The resistance is moderate for a swing trade, but the stock could break through if momentum to speculative buying continues.
NYSE:NKE
by MarthaStokesCMT-TechniTrader
NIKE: Repeating the 2022 decline unless it crosses the 1W MA100.Nike isn't on its best long term technical outlook being neutral on 1D but bearish on the 1W timeframe (RSI = 36.926, MACD = -4.740, ADX = 46.648). The four month pattern is a Channel Down, which if broken upwards should target the 1W MA50 (TP = 111.50). That's on the medium term because on the long term, the market needs to cross over the 1W MA100 (which has been closing weekly candles under it since February 22nd 2022), if it wants to restore investor confidence. If not, we risk a repeat of the August-September 2022 selloff. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:NKE
by InvestingScope
1
NKE Entry, Volume, Target, StopEntry: with price below 96.55 Volume: with volume greater than 20.1M Target: 87.57 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 96.54, 101.03 gets you 2/1 Reward to Risk Ratio. This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:NKEShort
by tradepatiently