NKECL trade ideas
$NKE Nassive Monthly H&S of DEATH Forming? Tariffs to Come?Taking a big picture look here it seems we could have a left shoulder and head formed on the monthly. Now it would be time to go into a lengthy development of the right shoulder.
Anyways based on this chart, long-term, I'd be short on Nike but let's see what happens. This could be an indicator of Tariffs to come.
NIKE HAS GOOD RISK REWARD FOR A TRADE INTO EARNINGS There is no doubt there is risk involved in Nike pre earnings, once the word China is used during the earnings call things can go south very fast but We think the risk to reward ratio is good. One factor to consider is the TIGER WOODS effect could have spurred on sales in golf apparel once again, during the majors in which he was once again top billing.
Ath leisure remains very strong and growing at a considerable pace worldwide as men start to embrace the once women only Yoga clothing. LULU and UAA have reported great quarters, so the same should be expected of NIKE, still the KING.
NKE Pre-EarningsEarnings sucked last quarter and they're pumping this crap with Dow futures. Expecting a one or two day drop before earnings.
I have no intention of shorting the earnings, it's a total guessing game with NKE.
NKE Cloud break and Reverse H/SKind of collapsed recently but looks like it wants to recover old highs. I always watch these clear patterns as I know there will be a lot of eyeballs on them.
Nike Closed The Daily In An Inversed H&D BreakoutLooks like it might be an early runner tomorrow....keep your eyes peeled to see what it does.
NKE Earnings next weekEarnings sucked last quarter, expecting this to scroll lower this week as jittery investors bail before earnings. Hoping to get a buck or two out of this, but has the potential to retest $77.
#GoLong #NKE $NKE Will be entering a long position this week in Nike. This will be in my retirement account not trading account.
Elliott Wave View Favors More Upside in Nike (NKE)Short term Elliott wave view in Nike (NKE) calls the rally from June 3 low unfolding as a 5 waves impulse Elliott Wave structure. Up from June 3 low, wave 1 ended at 78.58 and wave 2 pullback ended at 77.58. Wave 3 ended at 84.23 and subdivides as another impulse structure in lesser degree. Wave 4 pullback ended at 82.47, and wave 5 ended at 84.38 which also subdivides as an impulse in lesser degree. The 5 waves move higher ended wave (A) and the stock is now correcting cycle from June 3 low in wave (B)
The correction is proposed to unfold as a zigzag Elliott Wave structure. Potential area where wave (B) can end is 50 – 61.8% Fibonacci retracement of wave (A). This area comes at 79.69 – 80.54 where buyers can appear for more upside. We don’t like selling the stock.
