Trading Idea - #NIKE (short-term BUY)BUY
ENTRY: 134.18 USD
TARGET: 145.20 USD (8% profit)
STOP: 130.00 USD
NIKE34 trade ideas
Nike - Short ItShort term pull back:
Technicals
-Having a hard time finding momentum to newer highs
- Buyers located around $97 might stop at $115
-Gap fill available
-Buy the rumor; Sell the News....always
Opinionmentals:
-DJI going through a healthy correction overall
-Over-valued in general
-Competitors slowly eating away at market share (Lulu lemon/adidas/underArmor.... arguable point)
-Decline in North American Revenue
- Portfolio managers looking for market weakness and want to take some money off table possibly.
Not Financial advise; I'm a contrarian at heart.
A trading idea on Nike! 👀Hi everyone! Today’s trading idea is on Nike (NKE)!
It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next.
Second, the RSI shows an advanced breakout, and this is another confirmation we have here.
Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing. If it loses the support, we should get out. The target is the 138.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NKE (Nike) Symmetrical TriangleNKE has been consolidating within a symmetrical triangle on the weekly. Nike has been on a bullish trend, however as price consolidates it will break one of its key levels to determine if there’s a breakout or breakdown.
$NKE Bullish I like the position of the stock, its at a level of good support. 50 and 200 MA indicate bullish short term trend TTM shows decrease in bearish momentum. If Nike can break out of the triangle then target is higher green line.
Nike Long for a big profit?My analytics from a simple RSI, marked by smiley faces in my chart, shows Nike's ($NKE) growth during June's Quad Witch period. Connect the emoji's and you'll find substantial growth opportunity between each point. From a 5 year mark, our RSI comes in at 44.26 showing that it's in a sweetspot over under-bought. Definitely a good opportunity
NIKE analysisAs for Nike we are having 2 buying opportunities. If we gain the resistance level we can play the retest. If the price drops again we can buy on the bottom of the range. Always plan for different scenarios. Trade wise!
NIKE Put Option Play - Ex-Dividend Expiration 5/28NYSE:NKE NIKE (NKE) Put Option Play - FRI 5/28
I hope you guys were able to capitalize on todays NKE Put option play. I had to wait it out but it did pay out a nicely.
OK, as many of you know, today 5/27 was the last day to buy NKE shares in order to qualify for Nike's dividend payment.
Those who were only holding for the dividend are able to sell tomorrow 5/28 and still receive their payment.
If you look thru NKE chart history you can clearly see a sell off directly after each qualifying date.
SNAP has ran up nicely ALL WEEK after being shorted/manipulated last week so that many CALL options would not cover.
I think with the potential inflation data looming over the market and it also being the end of the week, we are going to be seeing folks take some profits.
Tomorrow 5/28 the Personal Consumption Expenditures Price Index will be released.
This index is what is used by the FED as their preferred inflation measure.
If this shows that inflation is going higher than expected, it could cause the FED to act sooner and the market WILL react.
Taking into consideration these factors, I think it is likely we have a bearish day tomorrow.
Pay very close attention to futures and the 10-Yr bond yield tonight and before market open as this should give us a feel as to what type of day it will be.
Possible Option Play NYSE:NKE
Strike Price: $136-138 Put
Expiration Date: 5/28 or 6/4
Stop Loss: 40%
Notes: Watch price action & volume in pre-market. Make sure there is liquidity/open interest in the option.
This will be a quick in & out play as I'm anticipated a sharp gap/spike to the downside.
Open to all questions, critique and conversation. I'm a beginner and would love to know what you know and pick your brain.
Thanks for reading & happy trading tomorrow!
Disclaimer: This is not financial advice. These are just my ideas and notes on what I may do. NYSE:NKE
Here are Nike Up's & Down Patterns - Thought?During stable flow, you might make a little, Bullish its just matter of time. Can you see the similarity?
Long NKENKE looks prime for a push through the previous highs. Taking some off at the highs and leaving the rest for a trend trade.
If it trades below 131 I will exit position and idea is invalidated. Needs to stay above 132 on a closing daily basis.
NIKE Options Play Tomorrow AM?Pls excuse the crude drawings...this is my first published idea,
My thesis behind this play is to play the swings going into 5/28, Nike's Ex-Dividend date.
Yesterday 5/26 @ 7am PST, I received an alert from the Options Flow channel that there was a Calls Sweep for NKE @ the $138 Strike Exp 6/4, this was confirmed shortly after with a spike running from 6:30-9am.
Going over the earnings and dividend history and different time intervals it looks like any time NKE has a sharp spike to the upside it is then followed by a snapback to support.
I'm going to pay close attention to action in the pre-market and possibly play PUTS as I think there will be a drop off followed by a possible bounce back. I'll play it in reverse if the pre-market and conditions indicate otherwise. I'll most likely choose a June expiration date not 5/28.
NYSE:NKE NYSE:NKE
Been short NKE since yesterday. $133-$132Look at Nike’s cycle. It’s about to keep dropping. Don’t believe its time to buy bs
TrendyTrades: NKE bounce off 45MIN DemandUsing the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44
Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen.
NYSE:NKE
NKE time for reversal?$NKE 2HR CHART-
NKE had a nice double bottom and is currently going for that retest of the downtrend resistance (pink). Also has a nice gap fill at 132, eyeing the volume on the breakout for momentum to carry it to the next supply zone at 136. Under 125 would invalidate this idea.
Going long on Nike Check chart for reasoning.
Looking for more confirmation before entering with a stop loss just below the 200 EMA.
