NKE
$NKE at Support - Potential Swing Trade Opportunity to $145$NKE at Support - potential swing trade once the 200MA moves below the 20 & 50 MA. Huge volume after breaking support. - Natalie Garces
Current Price: $132.99
Support: $130.71, $129.20, $126.50
Resistance: $136.51, 139.21, $140, $144.13, $145.21, $146.75
Bad news for Nike, but analyst sentiment remains bullishNike reporting an 11% decline in North American sales in FQ3; however, it is currently in a rectangle that should protect against excessive falls.
There are many supply problems, but the analysts continue to see it as bullish.
Resistance should lock the price as the price is still far enough away. It should touch that strong resistance in an oversold condition.
www.cnbc.com
$NKE earnings playim buying $141 march 26th calls, maybe 2. nike has been trading sideways for 4 months about. with holiday sales, and them doing very well during covid, i think i have some luck here. wish me well fellas.
Just do it #stocksReversal Buy setup
Reward/Risk: 2.89/1
Entry: 135.18 or at a lower price
Stop: 129.00
Target: 150.00
Options Play: April 16 140/145 Call Vertical
NKE/Nike is going to rise!!As you can see NKE/Nike is in the bottom of it's channel which is quite strong channel, after breaking the trend line upward, where I have shown in the chart, it would be a good entry point for making profit.
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 $120.90 we will see the price increase after that correction.
Stay sporty, stay trading!
Bearish Ingulfing + Wedge+ Bearish Divergence Bearish Engulfing + Wedge+ Bearish Divergence indicating a deep drop with NKE we just need breaking down the upper trend on weekly chart for the confirmation, it would be nice to hold an option put position
Wedge on NikeA wedge pattern was formed on the 1 hour timeframe. If the price manages to break through the support level of 85.97-87.32$, I expect a further fall.
NKE Bouncing Support Towards ATHRetesting previous all time highs and bouncing from the current support levels, NKE is well on it's way to new all time highs next week.
NKE - Good swing ER runNKE - Respecting trend line and about to reach all time high, Elliot wave 3 target 150, with ER on Dec 18 expecting this to reach this target and always watch out if any trend line break for bearish too, stop loss if dropped below 130-125
Looking to enter - 12/18 - 145c - 0.9
Note : Please do make your own analysis before entering the trade
- NV
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!
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.
Poppin' Tags in $XRT?Multiple retail names posting blowout numbers. Budget retail like FIVE, NKE, HBI, and URBN could also still see upside momentum. Notice the rejection off the 2018 highs. Selling bullish verticals in case it's a slow grind
NKE/Nike has BUY positionAs you can see after breaking those purple areas, Its a good entry point, but price might have some struggles after reaching the second purple cluster. So after breaking it, it would be another good entry point.
NKE Starting to fall below Moving AVGOn the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon.
Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so should you.
SLIGHTLY BULLISH ON NKEHi community!
Here I´m shearing my thoughts on NKE.
Looking for a bounce from the retest of upper side of this ascending channel.
Selling some premium with the put spread near the actual price and the call spread far away just working as a buffer in case needed.
