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NKE trade ideas

NKE Potential Double Top - What's Next?Description NKE has now rejected the 175 level for the third time, now I am tracking this Descending Triangle consolidation pattern. This could be a Double-Top pattern in the making, although the Double-Top is notoriously difficult to track, and nearly never confirmed until long after is has finished it's formation. Evidence indicative of the usual Double Top: Two tops at approximately the same level, but more than a month apart Somewhat less activity on the second advance than the first Dull or irregular, rounding-type of recession between them It is noted that should a small H&S or descending triangle occur at the second top, long commitments should be protected with a tight stop, or switched to a more promising chart picture. In NKE's chart, we see two Tops at approximately the same level (within 3%), and approximately 3 months apart, which is a strong indication that this is not a normal congestion or consolidation pattern. Slightly more activity can be seen on the second advance than the first, and there is distinctly low activity throughout the entire pattern. The recession between the tops marks one of the only increases in activity in the entire pattern, taking place perfectly at the last known resistance around 145, and marked with a large gap down following the earnings report on 23SEP. At the second peak, NKE is currently undergoing some type of consolidation that appears to be a descending triangle with irregular volume. What, in picture, appears to be a "Descending Triangle" has highly irregular volume throughout and could potentially be portrayed as a Falling Wedge. The Descending Triangle has bearish implications, while the Falling Wedge has bullish implications. Although the volume displayed is not conducive to either formation, it could be explained by high volatility in the indexes. With these things in mind, I believe the best position to put on is a 3-month Straddle. The options market right now is implying about a 14% move in either direction in the next 3 months, so any expiration beyond 146 or 194 would be profitable in that time period, with the last potential support being at 143 for the downside, and all-time highs to the upside. I, however, will be putting on a directional play based off of where I think the indexes are heading: Long Put Levels on Chart SL > 175 PT : 150 *Stops based off underlying stock price, not mark to market loss The Trade BUY 01/07/22 155P R/R & Breakevens vary on fill. This put generates a good breakeven in advance of the 145 support if held until expiration. If you would like me to build the Straddle or build a Strangle, just ask. The Strangle will create a cheaper position, but push the breakevens further away from the current stock price. As always, time will tell Manage Risk Only invest what you are willing to lose
NYSE:NKEShort
by BarnardR
Bull flag - $35 Potential NKE Run Up. What will be the catalyst?Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do your own DD. What will be the catalyst for this move?
NYSE:NKELong
by TrainerHeather
Nike analysis using volume profile. Where are we heading?Hi everyone, Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action. The stock made ATH early November and proceeded to sell off with the broad market in December. At the day of earnings stock reached 155 level, which is just outside the Value zone . After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain. Now the way is up . 177-179 level should be retested soon. Let me know what you think of this stock. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:NKELong
by AyBe_Invest
Nike post Earnings White lines- weekly channel Yellow lines - Bearish descending triangle Before the earnings Nike was completed a bearish that pushed it below its 50 and 100 sma. tomorrow depending on how hard the market rallies I think Nike will retest that previous support turned resistance where it will then get rejected and head lower to its weekly support around 153. Some important numbers 50sma - 166.48 100sma - 164.19 In the aftermarket I notice Nike struggling to get over 164 (100sma)..Keep that in mind..
NYSE:NKEShort
by ContraryTrader
1
Nike earnings @ 4:15pm todayNike (NKE) earnings are today 12/20 at 4:15pm. Nike (NKE) reported Q1August 2021 earnings of $1.16 per share on revenue of $12.2B. The consensus earnings estimate was $1.12 per share on revenue of $12.5B. The company said during its conference call it expects Q2 revenue of approximately $10.96B to $11.24B. While the talking heads on TV are hyperventilating about the Turkish Lira in the FX market, supply chain concerns over Omicron, ECB & FOMC 2022 rate hikes & senate build back better gridlock, I will be looking for a long position in NKE this week. I think the biggest downside risk is what Nike says in it's conference call about supply chain concerns and how that may impact it's Q3 guidance. NKE has had an earnings beat the past five quarters in a row, so that's a positive trend. Q2 November 2021 Consensus: EPS = $.63 Revenue = $11.25B P/E = 42.86 Div/yld = .682 52 week H = $179.10 52 week L = $125.44 Price levels 1 day chart: EMA200 = $153.99 EMA150 = $158.14 EMA100 =$162.31 EMA50 =$166.22 breakout = $180.51 R3 = $177.12 R2 = $173.78 R1 = $170.43 pivot = $167.09 S1 = $163.75 S2 = $160.41 S3 = $157.07 breakdown = $153.73 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NYSE:NKELong
by Options360
Nike USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYSE:NKE
by Sunstorminvest
Nike: Breakout is Imminent!!!Hey guys, this is my first ever video tutorial and it's going to be on ticker NKE. NOTE: I apologize but I forgot to mention a stop loss (Very important!). In regard to placing a stop loss (which you should ALWAYS be doing) we will be using the average true range and swing high or low. We will want to place our stop loss at 1 ATR above/below the swing low/high when taking a short/long (Respectively). Please leave a like and some comments on what you would want to see in the future. If enough of you like the content, I will continue to make videos for you guys and gals :)
NYSE:NKE
by JDio43
2
$NKE - Intricate Weekly Trading PlanHey all! Just gonna get right into it. Dips at 166.62 should be bought. Dips at 164.75 should REALLY be bought. Very high chance we bounce at both of those levels and capture a clean 6.5% move intraweek. A break of 173.35 will likely lead us to 175, and then ATHs. I'm less confident in trading this break simply due to the formation of lower highs. I'm afraid the break will get stopped in its tracks. A loss of 164.75 will be violent, so have your stops set. If we lose 164.75 look to swap to puts FAST. Not too sure where the bottom will be on this one. GLHF everyone!
NYSE:NKE
by FluxTrades
Flagging on the Daily- BullishNKE looking interesting here sitting right on its 20-day EMA, falling wedge on the 4-hour and hourly timeframes along with what appears to be a big ascending triangle forming. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Certainly a longer-term play, however, bullish and looking for a breakout from this flag - Flagging on the Daily & 4-Hour Timeframes - Sitting on its 20-day EMA - Seemingly Going to Reclaim the 20-Day SMA (Not Pictured) - Ascending Triangle Forming (Not Pictured) - Falling Wedge on the Hourly Timeframe (See Attached Chart Below) - Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below) PT1- $169.91 PT2- $170.98 PT3- $172.39 PT4- $173.18 + -Hourly Timeframe-
NYSE:NKELong
by jacobosiason7
3
V BottomNot exactly a Cup because it is not rounded at the bottom. A V bottom comes to a point at it's bottom. Often the left and right side of the V almost mirror each other. There are 2 pocket pivots close by the support line (green triangle). This is not to long entry level yet. There was an ABC bullish pattern but appears a rising wedge interrupted it's progress, plus an unfriendly market as of late. Short interest is .64% which is low and Negative volume is high showing interest. If this is finished falling from the rising wedge that formed, then this may hit long entry level. I do see a possible crooked M trying to form over the green dashed support level that may interfere if this falls below that support level. It is often best to wait for long entry level unless you are already in a security when a pattern forms. No recommendation Chart patterns represent human emotions, and human emotions change, constantly (O:
NYSE:NKE
by lauralea