NIKE34 trade ideas
Hard Correction Coming Nike sell off is on the way! What a week ahead with multiple hard corrections coming, see AAPL linked below.
Earnings euphoria turning to a hard reality, and that is Nike being overvalued & overbought.
Share holders will be cashing in big time so be ready for the fall and soon we will have a buying opportunity.
Nike - Just Bull It!Nike looking bullish. Careful for retracements.
TP1: $160 - $166
TP2: $173 - $181
Nike (NKE) Too fast out of the blocks ??
Nike had great earning June 24th which created a $15 gap.
Now we are $10 higher,
Presently there is confluence of 2 bearish harmonic patterns.
A short candidate if the market starts to roll over
As usual, do your own due diligence
A close under $155 might get my attention.
Note: Crab patterns can extend to the 1.82 area which is approx. $166.50
Good Luck
S.
NIKE- from the Low to High - GANN FanIllustrative chart only. NIKE has show the power of GANN fans. From all time Low to all time High hitting the 8x1. This fan is drawn using only mathematical figuresusing Time factors and Price Coordinates that project a scale from the low-to high out through time. Each Gann Line having a unique impact to price over time.
From here... technical analysis says NIKE comes down. It has maxed out the fan. The point of this chart is to only show the power an accuracy of technical analysis. NIKE has traveled up the fan so beautifully from 1984 to 2021- anyone who bought at least 1k in 1984 would easily be a millionaire today. This is what we would call a LONG HOLD. Congrats NIKE, LONG HOLDERS, and TA! Cheers!
$NKE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NKE after a Positive Under reaction following its earnings release placing the stock in drift A
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[Analysis] Should you chase Nike (NKE)No doubt that Nike's surprise earning result and its gap up would tickle many Trader's FOMO nerves. Us included.
The question is, is it too late to chase?
In order to answer this question, we must first answer another question.
Are you looking for a fast short-term Trade?
If your answer is No, then the answer to the first question is also NO; it's not too late to chase.
However, be reminded that this won't be a fast trade. Be prepared to hold if the price were to retrace.
The major support level is at 120, hence your stop loss should be below 120.
Instead of entering all your position in one trade, split them into two. Chase the current price with half of your positions. For the remaining half, average down at 135.
By doing this, you are still profitable should the price continue to go up. If it retraces, you will still be able to take advantage of the lower prices.
Do ensure that your overall risk is still calculated on both position hitting your Stop loss.
NKE market symmetry.Possible scenario of price movement on NKE, equal arrows move size, correlates with fib as well. Just curious if it will work out. Looked like it was primed to go to 105, it might still go there depending on the whole market behavior.
NKE: Trade to closeThe trade was given on 7th June at 133.79 entry. you may close the trade, profit should be 210% of the risk.
Only pure technical analysis is used (some equation our team developed), so you won't see much description in our analysis. You may include your own fundamental knowledge to increase the winrate but without is fine too. Just make sure to apply SL & TP.
NIKE - NKE - HOPEFUL $165 HIT THEN RETRACE TO RETEST THEN $185All,
Hard to predict Nike with the wild quarter as you can imagine I think $175-$200 obviously realistic.
1) Nike was primed to move before hand right angled descending broad wedge.
2) I think we should see $160s
3) Only way I get in this is a retrace from 160s to retest top of highs. Top of wedge in 140s (will probably be instant if you dont get in at the right times its gone)
Think after retest id see about $180 hard to gauge. This also assuming market etc.
Long NKE above 139.36Sleeping alligator both in daily and weekly charts. Same entry fractal at 139.36. If price surpasses that point, going long with reverse pyramiding (1-5-4-3-2) for every signal.
NYSE:NKE
Possible targets / Earnings todayNike stock was rising after the company reported better-than-expected earnings and detailed the financial impact of boycotts in China. Stock up 13% after hours.
$NKE Not enough eyes almost too easy this one NKE this was a harmonic gift stop was nothing instant Money, No excuses at all! $WISH
$NKE 8% profit in one day with Iron Condor #nike #options$NKE 8% profit in one day with Iron Condor #nike #options
8% profit in one day at event?
Let's see!
Max profit: $45
Probability of Profit: %75
Profit Target relative to my Buying Power: 8%
Req. Buy Power: $554 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 24
Expiry: 1 days
Buy 1 NKE Jun25' 120 Put
Sell 1 NKE Jun25' 126 Put
Sell 1 NKE Jun25' 145 Call
Buy 1 NKE Jun25' 150 Call
Iron Condor spread for 554cr, because IVR is relative high because event.
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$NKE Nike Key Levels.
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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NKE Run-up into earnings?NKE holding above $130 still and earnings are just around the corner on June 24th
I personally like NKE as long as it continues to hold $130 support. Earnings coming up and may see a nice pop prior to the report.
More on the RISKY side of trades for me since we have seen market weakness recently and it may force NKE down as well but I think its worth a shot long.
Looking at July 16th $145 Calls for 0.62
REMEMBER TO SCALE INTO TRADES AND NEVER ENTER YOUR ENTIRE POSITION AT THE START.
NOT FINANCIAL ADVISE! JUST SHARING MY IDEAS AND OPINIONS ON WHAT I THINK ABOUT THE STOCK
