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...
Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal. Let me know what you think in the comments. Like this idea if you agree.
Trade Idea is Nike (Long Position) Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium Entry is 76.38 Initial Target is 78.80 Second target is 81.46 Stop is 73.58
Nike stock could break bearish in the near future.
Hello Traders, NKE short-term Elliott wave analysis suggests that the pullback to $78.78 low ended red wave 2 pullback. Up from there, it ended red wave 3 at 09/21 peak (86.26). The Internals structure unfolded as a 5 waves Elliott Wave structure with a extend wave ((iii)). It ended black wave ((i)) at 09/04 peak (81), wave ((ii)) pullback at 09/05 low (78.78)....
Rising wedge bearish pattern Bearish divergence on the weekly! __________ Now is a good time to apply the principle. Sell High. Trade set-up placed. SL 5% A break in parabolic bull trend should retrace to 200SMA Safe trading!
Not my cup of tea. Where is the profitability?
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... DOW JONES Index incl. all 30 Shares (2016 Yearly Performance) @ drive.google.com Best regards Aaron