Trend is your Friend. #NKE is a prime example...fade the bullish moves
look for continuation down
that is going to be the money maker
shorting into resistance
not longing on reversals
NKE
$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes.
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NYSE:NKE
NKE Nike Options Ahead of EarningsIf you haven`t sold NKE on this Head and Shoulders bearish chart pattern:
Now analyzing the options chain and the chart patterns of NKE Nike prior to the earnings report this week,
I would consider purchasing the 97.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $4.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$NKE bottomed? NYSE:NKE stock dropped significantly yesterday, but I see a potential buying opportunity here as it found support right at the VAH from the 2009 lows. This suggests that the trend from that year has been broken, and a new cycle may likely begin now.
NIKE LongType 2 Bullish bat with three rising valleys.
If the three rising valleys does fail, we could head back to the support zone and have another chance for a bullish edge to form. If you wanted to accumulate shares of this for the mid-long term I'd say anything above the support makes sense, whether the trade set up fails or not.
NFA
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: Open
$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.
Footlocker ( FL) has been resting from a fall and waiting LONG
www.msn.com [/url ]
FL is here on a 30 -minute chart. It fell badly after good earnings 3 weeks ago and has been
resting in a narrow range for about half of that. A volatility squeeze released and some price
action with corresponding increase in relative volume resulted. FL has about 50% upside to
the price level before the last earnings. i am expecting a trade for 2-3 weeks realizing 50%
profit. The news catalyst cited in the link above of an upside of 25% in an upgrade has put
trader's eyes on this ticker. Mine are as well. It has reminded me to check on Nike.
LULU: Luxury Powerhouse & Multi-Decade TrendsetterKey Rationale:
Fundamentals remain intact making this a very attractive time to be contrarian, ignore the pessimism and buy the dip. Always nice to buy what you know and can see around you.
Comments:
Credited with the development of athleisure. Hasn't yet seized Pickleball market opportunity.
Incessant selling due is unwarranted with one executive departing.
One of the best available Ex-U.S. stocks.
Potential tailwind off the back of Ozempic & GLP-1 craze.
Still a profitability powerhouse with pricing power because of its iconic brand.
Same-store sales are growing exponentially, and an expansionary opportunity abroad.
Narrow Moat, Exemplary Capital Allocation.
Luxury market is different from discount competitors, and luxury brands are seldom cheap.
3-Star Valuation on Morningstar, hasn't been this cheap since 2017.
Stellar Profitability, Growth, and Quality scores in GreenBlue (4, 29, and 125 out of 2982)
Proprietary Scores:
GreenBlue Cumulative Rank: 128/2982 (Lower = Better)
GreenBlue Current Rank: 407/2982 (Lower = Better)
GreenRed Rank: 225/499 (Lower = Better)
Gurufocus Score: 97/100 (Higher = Better)
Company Profile:
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Competitors:
ROST, TJX, BURL, GPS, URBN
Risks:
This goes the path of Nike and is dead money for the near future.
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.
NKE 93.39The stock is moving in a descending channel.
In recent days, the stock is producing an invert head and shoulders pattern.
The stock is trying to get back above the 20MA.
Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close.
targets on the chart.
1sttarget: 100.00
2nd target: 110.00
3rd target: 120.00-122.00
Looking Bullish IMMEDIETELY on Nike!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
NIKE - Just Buy It!Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term.
Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
In other words, its very unlikely that Nike will go bust and so any dips should be seen as a buying opportunity.
Our first point of interest is the structure level at 80. Ideally we break below that in accordance Elliott Wave Theory. We want to see wave C go below wave B.
Our ideal buy zone is the 60 level where we have the -27 fib extension. Once we come towards that region, we'll be looking for any bullish price action indicating a reversal and the start of the next massive bullish leg. If we go even lower than 60, then it's more of a reason to buy and load up!
We're looking for targets of atleast 200% as first targets. This trade is one to hold for the long term.
What do you guys think?
Goodluck and as always, trade safe@
NKE I AM BULLISH !!!!! even after earnings... Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone...
It's not gambling... They pay a dividend, China is back, ... interesting growth potential...
Earnings are forecast to grow 11.04% per year
Correction: I've just been informed that some purchases will be made next week... not today... NYSE:NKE
Nike Faces Stock Tumble Despite Earnings Triumph 📉Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community.
The Numbers:
Nike's third-quarter revenue climbed to $12.43 billion, surpassing analysts' projections, accompanied by an earnings per share of 77 cents. However, the elation was short-lived as the company forewarned of a low single-digit decline in revenue for the first half of fiscal 2025.
Reasons Behind the Decline:
Chief Financial Officer Matthew Friend attributed the anticipated revenue dip to the company's strategic shift in its product portfolio towards innovation. This pivot, while essential for long-term growth, poses short-term challenges, particularly amidst a subdued economic landscape globally.
Global Market Dynamics:
Nike's performance across different regions depicted a mixed picture. While revenue in Greater China showed a modest increase, the EMEA segment witnessed a decline, reflecting the complexities of navigating diverse market conditions.
Olympic Hopes:
With the upcoming Summer Olympic Games on the horizon, Nike is banking on several product launches and marketing endeavors to captivate consumers. The event presents a pivotal opportunity for the brand to showcase its latest innovations and amplify its brand storytelling.
Strategic Adjustments:
Nike ( NYSE:NKE ) is taking proactive measures to align its product offerings with evolving consumer preferences. This includes reducing the supply of classic footwear models in favor of newer, innovative products that resonate better with modern consumers.
Investor Reaction:
Despite the positive earnings report, Nike's stock experienced a significant drop in after-hours trading, signaling investor concerns about the company's near-term revenue outlook. The stock plummeted to its lowest levels since last October, reflecting the apprehension in the market.
Outlook:
Nike navigates through short-term headwinds, its focus remains on driving innovation and capturing market opportunities. The success of its strategic initiatives, coupled with the buzz surrounding the Summer Olympics, will be closely monitored by investors in the coming months.
In conclusion, while Nike's earnings beat underscores its fundamental strength, the stock's post-earnings dip underscores the challenges ahead as the company charts its course in a dynamic marketplace.
Lululemon & Nike : Trade OpportunityLululemon is gapping down on earnings despite a double beat.
Nike is gapping down on earnings.
A trend is showing weakness in these consumer discretionary based stocks.
There will be many sympathy plays in the retail space.
Watch XRT tomorrow.
NKE NIKE Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE:
Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $10.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NKE, Nike... China regains strength...Earnings are forecast to grow 10.98% per year
Analysts in good agreement that stock price will rise by 20%
China is regaining its strength... this should help Nike's sales.
NKE - Doing It ✔️Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
NKE - Just Do It ✔️Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong round number 100.0
🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in green at 107.0
📉 Meanwhile , NKE would be bearish, and if the 100.0 support is broken downward, we can expect a bearish continuation towards the lower weekly trendline where we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Nike's Bold Move: Expanding Into Virtual Fashion in Video Games
Sports apparel giant Nike ( NYSE:NKE ) is set to deepen its foray into the video game space through its blockchain and digital wearables division, .Swoosh. The company's recent announcement promises a new line of virtual products known as "Nike In-Game Wearables," which users can directly purchase and wear within their favorite video games. Despite the excitement surrounding this innovative step, the extent to which these in-game wearables will involve non-fungible tokens (NFTs) remains shrouded in ambiguity.
The Vision Behind Nike's .Swoosh:
Nike's .Swoosh division, rooted in blockchain technology, aims to redefine the virtual product landscape by emphasizing the intrinsic value of enjoyment and self-expression. The company believes that a virtual product's worth should be derived from the pleasure it brings users when expressing themselves or unlocking access to physical items, fostering a sense of genuine fanhood rather than mere transactions.
The Unveiling of Nike In-Game Wearables:
According to a blog post by .Swoosh, the upcoming year will witness a profound expansion into video gaming with the launch of Nike In-Game Wearables. Unlike digital collectibles or NFTs, these wearables can be directly purchased and worn within users' preferred video games, eliminating the need for crypto wallets. The move signifies Nike's commitment to integrating virtual fashion seamlessly into the gaming experience, blurring the lines between the physical and digital realms.
NFT vs. In-Game Wearables: Deciphering Nike's Strategy:
Despite .Swoosh's previous ventures into the NFT space with digital sneaker releases on Polygon, and hints at potential collaborations with EA Sports and Fortnite, Nike ( NYSE:NKE ) is cautious in distinguishing between its "digital collectibles" or NFTs and the new "in-game wearables." The blog post suggests that the two are inherently different, raising questions about whether the upcoming wearables will be crypto-related or more akin to traditional collaborations like the one with Fortnite.
Nike's Stance on NFTs and Marketplace Dynamics:
Notably, Nike remains circumspect about the involvement of NFTs in every .Swoosh release, emphasizing that not every product launch will result in an NFT drop. The company also clarified that owners of Nike digital collectibles (NFTs) will have the option to move their items to personal crypto wallets later this year, facilitating trading on marketplaces that guarantee royalties to creators.
The Absence of a Nike NFT Marketplace:
Contrary to industry trends, Nike asserts that building its own NFT marketplace could distract from product creation and storytelling. The company hints at a strategic decision to abstain from starting an NFT marketplace, leaving collectors to utilize existing platforms that support the exchange of Nike NFTs.
Conclusion:
As Nike ( NYSE:NKE ) steps boldly into the virtual fashion realm within video games, the blurred distinction between NFTs and in-game wearables adds an element of intrigue to the company's digital strategy. While enthusiasts await further clarification from Nike regarding the role of NFTs in these upcoming releases, one thing is certain – the sports apparel giant is poised to make a lasting impact on the intersection of fashion, gaming, and blockchain technology.
NKE Buy setup- Price has bounced back from strong weekly support
- Fib retracement from 0.618 level
- No divergence
- Good buy opportunity
EP: 106.07
SL: 100.92
TP1: 111.22
TP2: 121.00
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).
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