Nike - Still Open PositionChecking back in with Nike since our last analysis. If you check out our last Nike Post, the target hit our buy zone and we entered the position in the green rectangle on our charts. We're currently up around 5% on this one for a nice scalp trade if we wish to exit. Our initial target is still around $104-$105 mark. We're keeping a tight stop loss on this one in the profit already. Waiting to see if we dip back to our accumulation zone or take some profits.
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NIKE trade ideas
NIKE CHARTHey people, NIKE is in a fake bearish configuration on its shadow, we can see a decline in sellers but on the TIMEFRAME 15 minutes and volume of purchase substantial but despite its it gives a sign of purchase. Great potential to keep the continuation support before it arrives to break the fibonnaci, but it will have little force.
Objective on the second precedent above, see even on the third if the buyers have agreed on the purchase price.
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NIKE Looking for this bullish continuation to the topHi everyone:
NIKE has very good price action developped that can see price gets push to the all time high area.
From the higher time frame, we see the price action had a strong bullish impulse from the downside, recovered from the Covid drop.
Now we see price has broken out of higher time frame continuation structure from the previous move up.
As always, I will wait a confirmed correction to develop here, and take the next buy move up.
Thank you
Nike - NKE• Missed to create a new high in July
• Descending triangle with a support 94.41/95.04 (gap from end of May) and a resistance at 98.28
• 76.4% Fibonacci Retracement strengths the support at 94.40
• If the stock breaks through the support, next support will be at 87.01/89.66 (gap from mid-May) and the 61.8% Fibonacci Retracement at 87.80
• In my point of view a breakthrough is expectable.
Time to leave! I'LL BE BACKMONTHLY rsi and price movement for nike. No matter how much money is printed in the us my favorite sports brand will have a rough time for the upcoming years since most of the money went to the stock market and the majority of people are going to see their income decreasing for the next years. However after we've go through this nike is going to shine since it's investing huge amount of money in it's online business model.
Cup and Handle Unfilled GapThat gap will haunt me to where I will most likely never trade it until it is filled
I do know some folks do not mind unfilled gaps tho.
No earnings until the end of September so maybe worth watching
NIKE was in a rising wedge but has fallen out
I find that trading near the handle low which is close to my stop is not always a worse case scenario
Not a recommendation and I do not own this stock