Nike MonthlyHistorical upwards momentum for Nike drying up. Just do it! #nike #nke Rarely has this stock been below 12 month, 36 month AND the Ichimoku cloudby Badcharts2
$NKE still displays an uptrend in its monthly chartIn 2024, **Nike** continues to lead the sportswear market in China, with **46.2%** of consumers purchasing from the brand¹. **Adidas**, on the other hand, was chosen by **32.4%** of consumers¹. This data indicates that Nike is more popular than Adidas in China in 2024. However, it's important to note that both brands are facing increasing competition from local brands and changing consumer preferences, particularly among Millennials and Generation Z, who show a strong preference for domestic brands and products that incorporate traditional Chinese culture and style². Despite these challenges, Nike and Adidas continue to be among the top sportswear brands in China¹². Source: Conversation with Copilot, 6/27/2024 (1) In data: Nike, Uniqlo, Adidas among China consumer favourites. www.just-style.com (2) Nike dominates Chinese apparel market for now, but ‘Guochao’ is .... www.imd.org (3) Why Nike and Adidas no longer dominate in China - NextShark. nextshark.com (4) How Nationalism in China Has Dethroned Nike, Adidas - Bloomberg.com. www.bloomberg.comby KhanhC.Hoang441
Just do it or just don’t do it?Nike is one one of the most recognisable brands. A staple name, the biggest sports and apparel brand in the world. So what’s gone wrong and why has the stock suffered of late? If you look back at the chart on a 6 month interval you will see that the price has remained in a constant uptrend since it was listed. In fact this trend line dates back to 1981 folks. Whilst Nike does dip below the trend line, it managed to find its way back and bounce of it. That was until recently, particularly today where they failed satisfy investors that their turnaround story is still in tact. Blame China, blame brands like Hoka. None of that really matters. My concern is with the price. I suspect we drop to around $78 to fill the gap and continue to grind back up. If that fails, get out as there could be a larger drop. So should you do it, or should you not? Of course this isn’t financial advice but Nike isn’t going anywhere. So be patient, don’t FOMO in. Dca down and be patient. More importantly DYORby NoFOMO_6
NIKE Downtrend Line Rejection At $97.76. 27.06.2024- Identified a downtrend line rejection on the 4-hour chart of NIKE Inc (NYSE: NKE) around $97.76. - If rejection holds, anticipate a potential decline to $90.91, with further downside potential to $82.19 upon breaking below $90.91. - Conversely, if rejection fails, expect a possible move upwards to $103.15, with potential continuation to $107.39 upon breaking above $103.15. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell334
Bullish Momentum on NKE Aiming for $108-$121 TargetsAfter a thorough analysis of Nike, Inc. (NKE) on the charts, I've observed that we're currently in an upward trend, indicating strong bullish momentum. This analysis is grounded on several technical indicators and chart patterns that suggest continued growth potential in the near term. Key Highlights: Current Trend: The stock has been exhibiting a robust upper trend, with price action consistently forming higher highs and higher lows. This trend is supported by strong trading volumes and positive market sentiment towards the company. Target Levels: Based on the current momentum and technical indicators, I'm targeting the $108-$121 price range. This range is identified by analyzing historical resistance levels and the gap down areas that have now turned into potential targets as the stock moves upwards. Technical Indicators: Several technical indicators support this bullish outlook. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, while the Relative Strength Index (RSI) remains in a healthy range, avoiding overbought territory. Additionally, support levels have been rising, further reinforcing the stock's strength. Gap Down Areas: The specific focus is on the $108-$121 gap down areas from previous trading sessions. These gaps represent potential resistance turned support levels, offering an excellent opportunity for gains as the stock aims to fill these gaps in its upward trajectory. Conclusion: The combination of a strong upper trend, supportive technical indicators, and the aim to fill the gap down areas provides a compelling case for bullish positions in NKE. While the market remains unpredictable, the current technical analysis suggests that NKE is on a path to potentially reach the $108-$121 targets in the upcoming sessions. As always, keep an eye on market news and be prepared to adjust your strategy based on new information. Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your research and consider your risk tolerance before investing in the stock market. Dr SAUDLongby DrSaud1Updated 113
NIKEReasons for execution 1)PML & PWL LIQUIDATED 2)+BOS 3) 0.382 Fibonacci 4)Monthly +OB 5)1.618 Fib Expansion Longby roberto_us30113
$NKE | Wedge + Triangle BreakoutNYSE:NKE broke out of a bullish falling wedge. Expecting a strong push to the upside. Targets somewhat align with arrows, but expecting 110, 115, and then previous highs 120-125 Invalidation below $88 Current Contracts: 8/16 105C 9/20 105C 9/20 110C 10/18 110C 11/15 105C 11/15 110C Longby AidanMDang5
NKE - buy now or miss outhi traders, NKE looks great. The price built a strong market structure and NKE may be ready for more upside in the next weeks and months. Buy low, sell high. Take profit levels are shown on the chart. 145-150 $ is the final target for this trade Stop loss can be placed below 88 $. Good luckLongby vf_investmentUpdated 6622
NIKE - Gap Closure as First TargetProperly configured Fiboclouds provide support for reaching the first target by closing the gap. If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened. This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far. Follow us to receive notifications of new trades as well as frequent updates on ongoing trades. Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people! Thank you!by EthosInvest0
NIKE 100 AFTER EARNINGS ? Nike’s stock has the potential to reach $100 after earnings due to several key factors highlighted in recent financial reports and analyses: BY CAFE CITY STUDIO 2024 Earnings and Revenue Beats: Nike’s fiscal Q2 results showed a 17% year-over-year growth in sales, surpassing Wall Street’s expectations. This positive performance, along with earnings per share (EPS) that edged up 2%, has been a significant catalyst for the stock’s rise. Raised Full-Year Revenue Guidance: Management’s decision to raise the full-year revenue guidance reflects confidence in Nike’s financial outlook and can be a strong indicator for investors, signaling potential growth and stability. Cost Reductions and Margin Improvements: Nike executives have mentioned that product costs are expected to fall in the second half of the year, along with a more favorable foreign-exchange environment, which could lead to improved margins. Strategic Business Adjustments: Nike is adapting its sales strategy by planning for near-term sales declines at major partners like Foot Locker. This recalibration aims to reduce dependence on third-party retailers and increase direct sales, which could enhance profitability. Market Position and Brand Strength: Despite stiff competition and weaker demand, Nike’s enduring brand appeal and shift towards more casual gear position it well to capitalize on market trends. Innovative Product Offerings: Nike’s focus on serving specific consumer segments, such as women and everyday runners, and expanding into fast-growing segments like trail running, demonstrates its commitment to innovation and market expansion.Longby NYRUNSGLOBAL0
Iron Condor Nike. for 28 June'24Relatively safe bet (no loss on upside) to profit from stable price before earnings on 27 June Profit ratio is 26.8%. expires in 14 days Buy Put 83 Sell Put 89 Sell Call 103 Buy Call 104by delden15
NKE potential buy setupReasons for bullish bias: - Price bounced from support - Strong weekly bullish candle closing at Support - Bullish divergence Entry Level(CMP): 92.85 Stop Loss Level: 87.79 Take Profit Level 1: 97.91 Take Profit Level 2: 104.59 Take Profit Level 3: OpenLongby TradeWithParasUpdated 5
NKE earningscrossing trend line and lately have been dropping for last year earnings expected to be good in june and should trend the price higher with this breakoutLongby ajayguptamd1
$NKE Potentially Consolidating, could test Looks like it’s consolidating but I like how it’s holding trend. And following through with RSI too. Might test the bear flag top. Lulu had some good international sales in China—with 35% growth in revenue over there. 3% growth in USA. Longby Urmomma1
NIKE - Hawk'em Strat (jun week2) - buy Expect week of June first to hit currency on the negative side allowing stocks to rally up. Strat shows a strategic (4.7%)/(5.5%) incline. nike's bullish statistical data suggests a short-term uptrend aligning with SEIIV Studio's statistical data which shows valid coordination in the fathering markets main objetive = 3.3% goal = Nike 5 day bull window Reversal shows end of trade reversal goal. TP is forecasted as half of original reversal target of 5.7% Webull Trading Plan : week 2 of june Strike price: $97 (buy order) limit price: 0.45 (TP) Limit Price: 0.97 stop Price 0.28 Contracts = 6Longby Sylynt056Updated 2
NKE broke out of a bear flag this weekHopefully we get that 20/50 cross that’s coming, too. Targets could be the bear’s top 95.88 or 97 based on trendline, or mental level 100. Not financial advice, just my opinoonLongby Urmomma7
$NKE You need to ask yourself what you will do here My monthly trendline at $80, barely under weekly flag, bear flagging now but has a ton of horizontal level resistance, what will you do?Longby Urmomma2
$NKE - It will have to decide soonNYSE:NKE Nike is getting tight inside the triangle. Currently trading along the POC volume support. There is a potential that it could resolve to the upside. Breaking out above 50DMA could give it a further momentum boost. 👀Longby PaperBozz5
Feel free to load up the truck on Nike NKE 🚀- Monthly channel low - Demand recovering starting - RSI supporting bull case - Distribution phase is overLongby ispulkit9
NKE closes the gap, I'm in :)189 days I waited for Gap Hesse to close in order to enter. Now all I have to do is enjoy NYSE:NKE Longby Yan_ElrodUpdated 228
Double Bottom forming?Possible double bottom here forming around the level 2 fib. Use a stoploss please. *this is not financial advice*Longby The_Gains118
Nike Set To Lay off 740 Employees at Oregon HeadquartersNike, the world's leading sportswear manufacturer, has announced its plans to lay off around 740 employees at its global headquarters in Oregon. This move aligns with the company's cost-cutting strategy, which was disclosed in December 2023, with the aim of saving $2 billion over the next three years. The second phase of layoffs is expected to commence by the end of June 2025, as the company looks to scale back on specific franchises amidst an uncertain demand scenario. In compliance with the legal obligation, Michele Adams, Nike's Vice President for People Solutions, has notified the state authorities that the second phase of layoffs would begin at the company's headquarters. Earlier in February, Nike had indicated that it would cut around 2% of its total workforce, which equates to over 1,600 roles. As of May 31, 2023, the company had around 83,700 employees. Despite the announcement, Nike's shares rose marginally in after-hours trading, although they have declined by nearly 13% this year. Several companies in the U.S. and Canada have announced new rounds of layoffs to curb costs in the face of an uncertain demand environment. In March, Nike warned that its revenues in the first half of fiscal 2025 would shrink by a low-single-digit percentage. The company's decision to downsize its workforce is part of its strategy to rein in costs, as it navigates through a challenging business environment.by DEXWireNews1
$NKE LongNike has broken the visible downtrend and closed above it. This could still drop like a rock, but I'm long a 1/3 position here.Longby NickTudormore2