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Niketrading

#NIKE Technical Analysis and Trade IdeaMarket Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement to the 61.8% Fibonacci level. Be sure to place a stop-loss order below the recent swing low to effectively manage risk. Maintain a favorable risk-reward ratio. Video Focus: This video explores the technical analysis principles that support this bullish perspective: - Trend Analysis: Identify breakouts and trend reversals with clarity. - Liquidity Runs: Understand how stops are targeted and the impact on price. - Fibonacci Retracements: Recognize key retracement levels for optimal entries. Disclaimer: This analysis is provided for educational purposes and should not be interpreted as financial advice. Thoroughly conduct your own research and assess your risk tolerance before making investment decisions.
NYSE:NKELong
by tradingwithanthony
NIKE: On a key long term pivot and almost oversold.Nike is almost oversold on the 1D technical outlook (RSI = 33.787, MACD = -2.530, ADX = 53.733) and is trading sideways inside the P1 Zone, which is the Pivot Band that has started several rebounds inside this 1 year Triangle pattern. This isn't an automatic buy for us yet, we need to see the price crossing over the 1D MA50 before buying and aim at the LH trendline (TP = 119.00). If P1 breaks downwards, we will on the HL trendline and aim again at the LH trendline (TP = 119.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:NKE
by InvestingScope
NIKE: Repeating the 2022 decline unless it crosses the 1W MA100.Nike isn't on its best long term technical outlook being neutral on 1D but bearish on the 1W timeframe (RSI = 36.926, MACD = -4.740, ADX = 46.648). The four month pattern is a Channel Down, which if broken upwards should target the 1W MA50 (TP = 111.50). That's on the medium term because on the long term, the market needs to cross over the 1W MA100 (which has been closing weekly candles under it since February 22nd 2022), if it wants to restore investor confidence. If not, we risk a repeat of the August-September 2022 selloff. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:NKE
by InvestingScope
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