NKED trade ideas
Massive Downside on $NKEThere's a HUGE gap below $148. Looks like it will fill the gap before any bounce.
1) Gap below 148
2) Stoch curling down
3) MACD bearish
4) HUGE volume breakout
NKE Nike Price target after Head And Shoulders PatternSupply Chain issues.
Factory closes in Vietnam due to Covid-19.
Analysts are expected for the company to lower the sales guidance because of this.
Considering the head and shoulders bearish chart pattern, my price target is 140usd.
NKE Head and Shoulders FormingAs we all know NKE was forced to shut down their manufacturing facilities in Viet Nam due to the pandemic, and this represents 51% of their manufacturing capabilities in Asia. As we also know, NKE's largest customer in Asia is China, where they generate approximately 5+ Billion in revenue. It has been reported that NKE was put in the corner due to political statements made regarding China. In addition to this, it appears NKE has some type of relationship with Evergrande (through a Chinese soccer team?), where it is yet to be determined if the recent turmoil surrounding the Real Estate Empire will have an impact on the Shoe Manufacturing Empire. What does all this mean? Well, NKE appears to be forming a Head and Shoulders pattern on the Daily/1Hr where the peak of the right shoulder seems to be lining up with their earnings date. Any possible negative impact from the aforementioned factors may be amplified by a lackluster earnings report due to the supply chain issues, and could serve to complete that right shoulder. This would set us up for a potential break to the downside, and put price in the gap created during their previous earnings report.
Just Do It! NKE Longs and/or Short NKE Put SpreadPretty key support at PURPLE level.
There are four sets of support and resistance levels that are displayed by Aspen Trading’s S/R Analysis Tool. Each one is unique to a specified period of time that we then display directly on the chart. The levels are classified as follows
GREEN: displays 2 solid lines (upper/lower)
ORANGE: displays 2 lines (upper/lower)
RED: displays 2 lines (upper/lower)
PURPLE: displays 2 lines (upper/lower)
IMPORTANT: These lines will change/adjust until the end of the specified observation period is complete.
Once the observation period is complete, that range will then be displayed on the chart as a set of dotted lines that is shaded in to serve as a reference point for traders to know the key levels from the prior lookback period. This can often be very helpful.
What’s the distinction between the 4 color levels?
Essentially think of these levels on a rising scale of importance. While GREEN levels are certainly key, they do not hold the same level of significance as the PURPLE levels.
$NKE - Oversold - earnings 3 days$NKE reached oversold status on RSI. Interesting it is at the last earnings bump and earnings are in 3 days. Will she fall and backfill or bounce. Last earnings beat was a beast.
Khan's Handelskontor - KW 39 - Swing Trade Idea 1 - $NKEIt is a 50:50 decision if start pre-earnings or not.
If you cannot afford the Share-Price --> Option Play
Competitors like Lululemon and Foot Locker presented again record earnings – for NKE the outlook & China business will be important.
NKE jumped always after earnings in the past.
$NKE Its 1st pullback to 50 MA$NKE is having its 1st test of the 50 MA after that massive earnings move and continued accumulation thereafter. Worth keeping an eye on this to see if institutions will show up at this level.
NKE buying opportunity?NIKE had a nice pullback to the trendline today, could be a good opportunity to grab some shares. Nice symmetrical triangle forming. Looking for a move to upside in the next week. Playing $167.50 calls expiring 9/10.
NIKE Price action buyThe long-term trend in the weekly time is quite upward and now it has corrected and taken back the important floor with a chat and it seems that the uptrend has started again and has attacked the resistance twice and is doing this for the third time. There is a lot of failure, thank you for liking and commenting
$NKE - Below 168 looks bearish$NKE - Below 168 looks bearish, also gap downside, rejected long term resistance trend line too
Bearish Divergence(NKE) Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target to 150 as a great place to consider cashing out your puts due to it being the 0.5 Fibonacci Support. If we keep getting bearish signs a target to 135 will be made since that was where the gap up started.
Bearish Signals
-Squeeze Indicator(4h)
-Bearish Divergence
-Willy Oscillator
Fibonacci Price Targets
-1st 164
-2nd 156
-3rd 150
-4th 144
-5th 135
Breakout? Is Nike going to breakout this week to new highs?
As indicated by Kurutoga Cloud ( shows support and resistance ) the most recent 45min candle shows it has broken through resistance & MACD shows growing bullish strength.
The second wave looks to have been broken on the Elliot Wave as we are entering wave 3.
Comment your thoughts below!
NKEGood Place to buy for short term
the stop loss is 4H close under the red Line
and there is 1 Take profit
NIKE ✔️ : Volume Profile 📊 and Price Action Analysis 📋In today’s analysis, I will show you something similar as I am going to be talking about in the webinar.
I will show you how to use Volume Profile to identify the best trade entries for long-term investments. In this case, I will discuss the stock of the US company NIKE.
NIKE – Volume Profile Analysis
As many US companies NIKE is in the uptrend. One of the big reasons so many US companies are in an uptrend is that the FED is pumping free money into the US economy and this helps stocks to shoot higher and higher.
I am not a huge fan of buying a stock when it is at its all-time highs. What I prefer, is to wait for a pullback and then jump in.
A pullback to where? To heavy volume area.
The reason heavy volume areas are so important in an uptrend is that they work as strong Supports.
What they represent are places where the BIG trading institutions were adding massively to their Long positions.
When the price makes a pullback into such heavy volume area, then those BIG trading institutions will want to defend such zone.
Why Are Heavy Volume Areas Important?
Those areas are important for them. The reason is they placed a lot of volumes there. If the price drops below such heavy volume area, then their Long positions will go to red numbers. They obviously don’t want that. They want to make money on their stocks and they need them to go higher and higher.
So, what those BIG guys do is they defend such heavy volume areas. They also use them to add some more to their Longs as those places are places with huge liquidity.
All this makes the heavy volume areas strong Supports.
Heavy Volume Area On NIKE
Such a Support is also on NIKE. If you look at the chart (Weekly time frame) and use my Flexible Volume Profile there, then you should clearly see the strong volume area that formed there. This is our Support (starting around 137.00).
This is in my opinion the ideal place to jump in and participate in the uptrend.
Don’t enter at the all-time high. Wait for a discount 😉
The Volume Profile setup I used here is called the “ Trend Setup “. That’s a setup I use when there is a trend.
I hope you guys liked my analysis! Let me know what you think in the comments below!
Happy trading,
-Dale
NIKE Expect Further Bullish Upside Hi everyone:
NIKE has been on my long term investment since the Covid recovery price action,
and still looking clean for further up move.
We can see the overall price has been in a bullish up trend
since the Covid drop.
Price was able to have a bullish reversal impulse up, breaking above all time highs,
and formed continuation correction, which is where I got in.
For me, equites are mostly for investment purposes and not day trading them,
hence I can comfortably holding the shares for any deeper corrections.
Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential.
What I would wait for is a lower time frame continuation correction to develop,
that will give us one final confirmation for the next buy move
Such a low volume and shocked how up it has gone... Just for fun guys don't chase the money. I am just a random guy on the internet publishing his ideas...
ReversalBased on MACD, D+, and Elliot wave analysis, I see a reversal forming for the second Elliot wave.
Pullback after a euphoric rally I’m short shares - target is at the rectangle where the 50 ma meets a support/resistance zone
