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NIKE34 trade ideas

Nike earnings have serious potential to set a course.As seen in this 4 hr chart, Nike has been in an ascending channel since the corona sell off/rebound. The price action has moved in accordance with the upward parallel channel it is seemingly advancing in. It has recently slowed down and failed to rise back above the midline of the channel recently. Heres the tricky part, Nikes recent sell off leaves this one in the middle of a grey area territory. The chart setup is perfect for a BIG move around earnings, which way is very much so up in the air. As previously stated this one falls right in the middle of the current gray area, RSI is nearing oversold, but if there is no RSI support around the 40/50 area, and an increase in selling volume, this one could have lost steam, change course, and fall into a bearish channel downwards back towards 105. Nike earnings and the investors reaction to said earnings, have the possibility to set this one on a path that it could possibly take into the end of the year. (*personal advice: always play earning safely with a neutral strategy*) Bullish (possible by end of year) price target:$140 Bearish (possible by end of year) price target:$105 Earnings could set the future course for Nike.
NYSE:NKE
by king806
3
"Just Do It" ® Nike earnings at 4:15pm 12/18 Quadruple Witching"Just Do It" ® NKE earnings at 4:15pm 12/18 Quadruple Witching. Nike is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. I'm leaning towards an earnings beat, but you never know how the market reacts to earnings, especially tomorrow is Quadruple Witching, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility. 2nd Quarter November 2020 Consensus: $0.62 Revenue: $10.59 Billion Possible neutral strategy is to short an ironfly & buy a far otm strangle sell $140 call 12/24, Delta = .53, Theta = .31 sell $140 put 12/24, Delta = .47, Theta = .31 buy $148 call 12/24, Delta = .27, Theta = .27 buy $132 put 12/24, Delta = .20, Theta = .21 credit = $560 , risk $230, reward $800 + buy $155 call 12/24, Delta = .13, Theta = .19 buy $130 put 12/24, Delta = .15, Theta = .18 cost = $165 max risk, reward $+ = $395 opening trade / risk, reward $800+ Possible aggressive neutral strategy is to buy a strangle $142 call 12/24 = $370, Delta = .46, Theta = .31 $140 put 12/24 = $410, Delta = .47, Theta = .31 = $780 opening trade / risk, reward $+++ Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny / day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum www.tradingview.com
NYSE:NKE
by Options360
2
Elliott Wave View: Nike (NKE) Extending to New All-Time HighShort term Elliott Wave View view in Nike (ticker symbol: NKE) suggests the rally from October 30 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 30 low, wave (1) ended at 139.09 and pullback in wave (2) ended at 125.63. The stock has resumed higher in wave (3) which is unfolding in another 5 waves in lesser degree. Up from wave (2) low at 125.61, wave ((i)) ended at 133.98 and dips in wave ((ii)) ended at 128.43. The stock then resumed higher in wave ((iii)) towards 139 and pullback in wave ((iv)) ended at 132.69. Expect wave ((v)) to end soon and this should complete wave 1 of (3) in larger degree. Afterwards, stock should pullback in wave 2 to correct cycle from November 13 low before the rally resumes. As far as wave (2) low pivot at 125.61 low stays intact, expect pullback to find support in the sequence of 3, 7, or 11 swing for further upside. Minimum potential target higher is 100% – 123.6% fibonacci extension from October 30 low towards 145.76 – 150.48. A 161.8% extension in wave (3) is possible which should bring the stock to 158.14.
NYSE:NKE
by Elliottwave-Forecast
2
NKE- Run !Welcome back to another dow30 stock analysis, today we take a look at Nike. NYSE:NKE Nike is currently breaking high after high and there is still no end in sight! As an example, nike gained more than 125% stock value since the bottom of the march crash. It should be no surprise that everybody wants to participate in this rallye, but being careful in this situation is very important. Nike formed a solid 1-2 in the last days and hit exactly the 0.618 retracement, this strongly points towards the start of a wave 3. The next stop for nike will be 140$-150$, there we will see a short correction. I will watch the market very closely in the next days and will announce an entry if i get the chance to. Primary scenario: In the next days and weeks we will reach prices above 140$ or even more, so stay tuned! From there we will witness a very short wave 4 correction until the bulls push nike towards a new ATH. Alternative scenario: My alternative scenario will get triggered if we break the previous 1-2 setup at 125.55$. Breaking this level would strongly indicate for a final wave C correction, which could bring us to prices as low as 110$. =================================================================================================================== If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
NYSE:NKELong
by Mendenmein-Capital
3
Safe CallNike is a safe stock to bet on if you are an options swing trader like myself. It has just hit resistance on the 45min while the MACD shows an upward trend and increase in bull strength. We are in a bull market and calls are much safer than puts for any stock. I have lost a lot of money on puts, even on stocks with the highest RSI and strongest sell signals across all indicators. Check out my ROKU publication and you will know what I am talking about. My question to all my followers, and those who see this because you are watching Nike. Why are markets soaring so high? What is the cause of such a strong bull run? Where is this money coming from? All this from a cure to Covid? A virus that the media has reported so strongly and ingrained fear into everyone, even though the common flu is just as deadly, and the annual death rate has remained constant compared to previous years. Where is this coming from?
NYSE:NKELong
by Myantman101
10
$NKE Bearish Swing Trade PlanGreen Line - Entry Target Red Line - Exit Target Pink Line - Stop-Loss Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level. Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful. Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success.
NYSE:NKEShort
by jonny_red32
1
NIKE inside an ascending channel. Potential for another waveToday we will share an analysis of NKE. This can be used as a curiosity or to create a setup with an appropriate Risk Reward Ratio towards the Target. Main items we can see on the chart: a) The price is inside an ascending channel providing a bullish context b) Currently, we can see a clear corrective structure with similar proportions as the previous one c) Using Elliott Wave theory we can make a count 1234, and we expect 5 to come (Remember that Elliott defined that 5 waves will compose any impulsive movement) d) We expect a bullish movement towards the higher zone of the ascending channel e) Also, we have an invalidation level in case the price does not go in the expected direction f) Remember: Trade safe, protect your capital, and always understand what you are doing!
NYSE:NKELong
by ThinkingAntsOk