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NIKE INCNIKE INCNIKE INC

NIKE INC

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NKECL trade ideas

Nike gap up and breaks above EMA200 and EMA50Nike advance 12% since BoD signal appears on 25 Mar. 17 April +Gap up and Slow Turtle Buy signal breaking out from symmetric triangle and Fibo 0.618 =Price managed to stay above EMA50, EMA200 but below pychological resistance 90. =FiFT indicator still green (Bull force in control) but breakout volume is not impressive. +ATOM stay green indicating the stock is trending Plan: Continue to hold and add position when close above AND retest 90. Target 95. Exit if price close below EMA50.
NYSE:NKE
by kgiap123
NKE post earnings gapHistorically NKE will lose trading volume after earnings, combined with weaker price action, this stock will stabilize around the bottom of the gap. RSI points to an overbought signal which after back-testing this indicator, shows that the share price of NKE does not like to live above 80 for longer than a day or two with large upward price action. MACD is at the peak of its convergence, there is a high probability that the moving averages will begin to diverge in the next week. This could be setup for a nice swing trade, I admit I am "jumping the gun" on this one, but with a decent risk-reward of ~2.5 the losses could be minimizes easily. Good luck!
NYSE:NKEShort
by imTheIsh
Quick Long Scalp (within a week):This is for my personal use, but I am publishing just to get my idea in concrete, and see how it plays out. So just looking at the chart: FIB: I set up a fib retracement from April 2018 and Janaury 2018 to the most recent highs of January 2020. (Give me an idea of support and resistance levels. Trendlines: I set up some trend lines to help forecast a possible bounce. Candlesticks: There is a bullish hammer formed on the daily. Its wick touches the $73 support level Trade: SL:$72.50 Open: $74 Area TP:$82 Watch Price Action Prior to entering
NYSE:NKELong
by theeking43
Elliott Wave View: Nike Rally Expected to FailNike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal of wave ((Y)) subdivided as a zigzag structure. Down from March 3 wave ((X)) high at 94.99, wave 1 ended at 90.57 and wave 2 bounce ended at 93.79. The stock then resumed lower in wave 3 towards 85.88 and bounce in wave 4 ended at 88.67. The final leg wave 5 ended at 80.92 and this also completed wave (A). Wave (B) rally is now in progress to correct cycle from March 3 high before the decline resumes. Expect rally to complete at 87.79 – 91.38 area and stock to resume lower. We don’t like buying the stock. As far as pivot at 94.99 high stays intact, expect rally in Nike to fail in the sequence of 3, 7, or 11 swing for more downside. Potential target lower is 100% – 123.6% Fibonacci extension from January 22 high which comes at 69.93 – 74.7.
NYSE:NKE
by Elliottwave-Forecast
NKE - cycle bottoming - consolidation stageNow lets take a look at NKE. Weekly charts are suggesting both major and minor cycle bottoming out over the next 4 weeks. Last few cycles have bottomed in time so one may expect a timely bottom . Where we find support during this time will give us a fair idea about the next cycle expectations. At this stage we see the following prevailing conditions: 1. $106 to 108.5 likely cycle resistance and Fib ext target zone 2. Lower support zone between $95 to 97 levels 3. $87-89 likely strong support as previous cycle peak/ support confluence zone If you like what you see, share a thumbs up and follow for more updates Cheers
NYSE:NKE
by LoveForCharts