Nike reaching for new HighsNike is getting ready to break into new high territory after filling a gap and closing back above the 21d EMA.
The ATR calls for a tighter stop of 118.01 (7.33% below today's close).
Position Size of R13.64.
1NKE trade ideas
How To Trade Stocks with Volume Profile (NIKE Analysis) 👟In today’s analysis, I will give you a quick guide on analyzing and trading stocks with Volume Profile.
I am going to focus on long-term investments, not day trading.
NIKE – Volume Profile analysis
What i really like about Volume Profile is it’s versatility. You can use it for almost any trading instrument and the best thing is that you always do it the same way. The strategy and setups are the same regardless of what you trade.
In this case I did my analysis on Daily chart (you can also do this on Weekly).
From July to August the price of Nike was in a rotation. The price created a flag and the rotation was becoming tighter and tighter.
The tighter the rotation becomes, the higher chances it will shoot aggressively up or down from there.
And this exactly this happened in the beginning of August. The tight price channel broke, and the price shot upwards, starting a new trend.
NIKE – Point Of Control (POC)
I used my Flexible Volume Profile to look inside the rotation area to see how the volumes were distributed there.
It showed that there were massive volumes traded in that rotation, and that the Point Of Control (place with the heaviest volumes traded) was at 98.00. This is an important information because this is the place where most of the trading took place.
I expect that the big trading institutions (banks, hedge funds, pension funds,…) were building up their massive Long positions there.
When they finished doing so, they started to push the price aggressively upwards into a new uptrend.
When the price makes it back and tests the POC at 98.00 I think that those big institutions will become active again and that they will drive the price upwards again.
POC is very important level for them because they have placed most of their positions there. They will defend it, and for this reason it should work as a strong Support.
So what now? Now we wait until the price comes back to 98.00. You can set a pending order there, so you don’t miss the trade entry when the price makes it to 98.00.
I hope you guys liked the article. Let me know what you think and if you are into trading stocks or if you prefer currencies, futures, or something else.
Happy trading!
-Dale
NKE to break higher on technicals and earningsNike had a good earnings report this past quarter beating over 100% of the analysts' expectations on some strong volume too. We can see the potential of the break of the top on these higher lows as well.
The current resistance is at $130-$131 where we have see the level get tested time and time again on strong bullish momentum and candles, meaning whoever is stopping form price moving through that level has a lot of stops hidden above. That buy stop run could open up price aggressively to the first target at $145.00 or so.
There is the possibility we pullback to close the gap or into the $123 support too before rocketing higher. The higher probability move is the breakout though. With the potential Santa Claus rally coming through and the elections resolving some of the uncertainty in the market, it would see that retail especially online retail may get a nice push this year due to quarantine as well.
This idea is for educational purposes only, should not be taken as investment advice or trading advice.
$NIKE Potential day Trade
NIKE on the verge of making the next move higher.
Alert set for $131 .
Upside target $134-$136 short term
Nike Bullish keatas dengan Parabolic PatternNike menunjukkan Gap Up sebanyak 3 kali menandakan market masih lagi bakal menerukan kenaikan untuk membentuk parababolic pattern
nike expection move 80%the macd and bull pattern
the fibo expection 0.618
like share and follow if it was usefull
NKE/Nike has BUY positionAs you can see after breaking those purple areas, Its a good entry point, but price might have some struggles after reaching the second purple cluster. So after breaking it, it would be another good entry point.
NIKE INCNIKE INC
knows this month as a bullish wave and will also continue to rise, which increases the opportunity to buy during this month and even the coming months
Nike Long to 130.90 if breaches 129.18If you look at the volume profile the POC ended at the days high with the high volume bar right at the end of the day. There is resistance at 129.18 , next stop at 130.90
Nike... Just "Trade" It ?Nike NYSE:NKE is trading close to its 21 day EMA. There could be potential for a bullish pullback near the 21 day EMA since its rally from the last pullback on September 22nd was quite successful. Of course, past performance does not indicate future results... We will continue to monitor NKE to see which way it goes.
good long heresafe to get calls as long as the bottom trend line holds, i may look for a entry here soon !
NKEBased on my analysis:
1. NKE reached All Time High at 130.93 USD (08102020).
2. I believe NKE at excess phase (based on fibo).
3. I expect NKE will going down and reach 120-119 USD.
4. Overall, NKE is a uptrend stock (MA20, 50 & 200).
Syeikh Hafiz
Stock Market Analyst
NKE short, In Supply Zone 60 min chart: In Supply Zone
Daily chart: double top, and RSI Divergence
Short Entry 130
Stop 131
Target 127; reward:risk=3:1
Target 123; reward:risk=7:1
Target 117; reward:risk=13:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Buy put at Resistance level.I will be buying a put at the 130.38 monthly resistance level. My target exit will be around that 127.10 level and stop loss will be at 131.50. This is where im comfortable at but choose your stop loss based on your own risk tolerance.
