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NKE

TrendyTrades: NKE bounce off 45MIN DemandUsing the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44 Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen. NYSE:NKE
NYSE:NKELong
by Trendy-Neck
Let's see if we have the breakout on NKE As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement) In this case, we have a clear Flag Pattern (or zig-zag pattern). It has been moving on a range for the last 112 days between 146.00 and 130.00 One of the fundamentals ideas technical analysis relies on is that Institutional traders (the guys that really move the market) need to accumulate and distribute to buy or sell. That means that they have such purchase power that they can not execute a market order without moving the price. So, if they are buying, they will need to average that, which as a consequence this type of sideways movements are created because accumulation or distribution process is going on. With all that said, we have this massive flag pattern that can be an accumulation or distribution process (we do not know that...); however, we have an activation level above the structure. That would give us more chances that we are on an accumulation process. If the price reaches our green line, we will consider the setup active, our stop loss will be below the whole structure, the first target will work as a Break-even signal, and 2nd fibo extension will work as the final target. Thanks for reading!
NYSE:NKE
by ThinkingAntsOk
Nike: Just Do It! 💪Nike has been a strong player on the capital markets for a long time. Accordingly, we will see the stock price rise further in the future, too! There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! Now, we are primarily expecting the price to continue to rise above $147.93. However, there is a 45% chance that we see a minor dip below $131.23 down until $120.90. Again, we think this stock is going up in the long run, which means that even from the price of $120.90 we will see the price increase after that correction. Stay sporty, stay trading!
NYSE:NKE
by MarketIntel
NIKE inside an ascending channel. Potential for another waveToday we will share an analysis of NKE. This can be used as a curiosity or to create a setup with an appropriate Risk Reward Ratio towards the Target. Main items we can see on the chart: a) The price is inside an ascending channel providing a bullish context b) Currently, we can see a clear corrective structure with similar proportions as the previous one c) Using Elliott Wave theory we can make a count 1234, and we expect 5 to come (Remember that Elliott defined that 5 waves will compose any impulsive movement) d) We expect a bullish movement towards the higher zone of the ascending channel e) Also, we have an invalidation level in case the price does not go in the expected direction f) Remember: Trade safe, protect your capital, and always understand what you are doing!
NYSE:NKELong
by ThinkingAntsOk
NKE to break higher on technicals and earningsNike had a good earnings report this past quarter beating over 100% of the analysts' expectations on some strong volume too. We can see the potential of the break of the top on these higher lows as well. The current resistance is at $130-$131 where we have see the level get tested time and time again on strong bullish momentum and candles, meaning whoever is stopping form price moving through that level has a lot of stops hidden above. That buy stop run could open up price aggressively to the first target at $145.00 or so. There is the possibility we pullback to close the gap or into the $123 support too before rocketing higher. The higher probability move is the breakout though. With the potential Santa Claus rally coming through and the elections resolving some of the uncertainty in the market, it would see that retail especially online retail may get a nice push this year due to quarantine as well. This idea is for educational purposes only, should not be taken as investment advice or trading advice.
NYSE:NKELong
by TRADEPROAcademy
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