NIKE SHORT SELLBearish Divergence on 4h TF and also Daily chart, Entries are $87 to $88 zone target $81.84/82.25 trade duration less than 10 days.
NKE trade ideas
NKE - LongEntry = 86.29 (also possible average down if it hits bottom channel trend line)
Target 1 = 88
Target 2 = 89.20
Stop = Daily close below 86.29
Trade is invalid if it breaks out before hitting support.
Also invalid if the pullback to support is caused by bad news.
Nike new All Time High Nike price jumped above its previous all time high this morning. Decent volume. Looks like a break out. Old resistance now is support.
NIKE SHORT All points from the monthly to the lower timeframes has me looking to short this stock. risk to reward is nice also.n
Nike Could Lose 61.8% by March 2020 to hit 204 Month SMATime to short it with a stop $1.00 above all-time high
Nike's 204 Month SMA @ $28.00 vs Current Price of $85.00Do you think we can tag the 204 Month SMA by Q2 2020?
Nike - If Correct, The Daily Model Says Nike's Run is OverNKE didn't just blow a sneaker, that's it for the stock price if i am correct.
brschultz / markettimer777
Reversal Symmetrical Bottom Declining This is what I see. I might be wrong count here. Still learning about EW.
Nike Stock Analysis: Bulls Not in the Clear Yet...Conclusion for today’s Analysis: Price closing above the September 21, 2018 high of $85.98 indicates resumption of the bullish trend in Nike.
Over a year and 2 months of price action is covered in today’s Nike stock analysis using a 6 hour timeframe.
The previous bullish price channel lasting over 11 months was broken to the downside, with price retracing to ~$66.45.
Bullish momentum resulting from the above mentioned price level is yet to break above the previous high of $85.98 reached on September 21, 2018, therefore implying patience on entry of any long (buy) position that will be considered very conservative.
$60.55 is used as the lower price level for support indicated on the chart with the upper boundary being $66.45. A break below $60.55 in this case indicates resumption of the sell off from September 21, 2018, with lower prices to be expected.
A bearish channel (tentative) drawn on the chart needs to be monitored if Nike does indeed fail to close above price high of $80.96 established on Friday, the 18th of January, 2019
