NIKE34 trade ideas
Preparing for this weeks earnings! - NKE (Nike)Earnings: Thursday after close
Technicals: Buy
Zacks Rank: Buy
Possible resistance at $88. Possibly not too. It began it's decline from $88 in October 2018, which was when market overall was bad. It sunk down to $65, but has made an incredible recovery.
Caution: Trade war
Price target upgrades
Action: Buy Call or Bull spread
hypothetical open, bulls need that pre market winlower low on the daily, 82 is a small drop below then 78 (ref:see oct 10) $XRT
bearish shark + divergenceSimilar play to the DG earnings play (which has thus far performed 100% to expectations). Big bearish shark where the algos have kept it bound to the .886-1.13 box while MFI tanks. 1.618 projection is a minimum requirement for a shark and that's exactly where it closed at on Friday. Looking for a retrace back to 77.50 area after earnings here. Clear RSI divergence. I don't like to bet a lot on earnings so not laying anything big here and may just take profit before they report.
NKE: Early reporting stocks set the tone for earnings seasonNIKE is reporting earnings today AFTER the market closes. How the stock behaves will help determine how to trade this earnings season as we can begin to determine which of the HFT algorithms are being used and the expectations of the pro traders on how they are managing the pre-news they receive ahead of the retail crowd. Currently there is no viable pre-earnings run setup. The stock is bouncing around the previous all-time high area, without breaking to the upside.
HFTs have been in this stock on earnings report days in the past. The report needs to be very positive this time. The next few charts I use for analysis will be about studying these very early reporting companies and the HFT algo reaction. Stay tuned…
NKE double top and possible of trend revertmonitor price action, if move up to 86 then wait for bearish daily candle to sell target to 77 or depend on your reward /risk ratio.
All the other kids with their pumped up kicks BETTER RUNI am projecting a monster Q4 beat. Besides, $NKE needs to breakout from these levels before 2H 2019.
If I'm wrong, I'm wrong small, If i'm right, I'm right big.
Nike if youre into sneakers you have to own NKE Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$24.1 billion in its fiscal year 2012. As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand alone was valued at $19 billion, making it the most valuable brand among sports businesses. As of 2017, the Nike brand is valued at $29.6 billion. Nike ranked No. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Posted my last buy ins and as you can see the chart koved upward as predcted.
We know the story we know the game!! If youre confident on the sneaker game then you must buy NKE
Two buy ins
#1 to keep it safe wait for a third red day it doesnt matter if its cents or dollars after the 3rd red day you buy.
#2 buy in first thing in the morning. Chart is on an uptrend and aout to bounce off of the resistance . This is a long hold too it will make you money !!!
NIKE SHORT SELLBearish Divergence on 4h TF and also Daily chart, Entries are $87 to $88 zone target $81.84/82.25 trade duration less than 10 days.
NKE - LongEntry = 86.29 (also possible average down if it hits bottom channel trend line)
Target 1 = 88
Target 2 = 89.20
Stop = Daily close below 86.29
Trade is invalid if it breaks out before hitting support.
Also invalid if the pullback to support is caused by bad news.
Nike new All Time High Nike price jumped above its previous all time high this morning. Decent volume. Looks like a break out. Old resistance now is support.
NIKE SHORT All points from the monthly to the lower timeframes has me looking to short this stock. risk to reward is nice also.n
Nike Could Lose 61.8% by March 2020 to hit 204 Month SMATime to short it with a stop $1.00 above all-time high
Nike's 204 Month SMA @ $28.00 vs Current Price of $85.00Do you think we can tag the 204 Month SMA by Q2 2020?
Nike - If Correct, The Daily Model Says Nike's Run is OverNKE didn't just blow a sneaker, that's it for the stock price if i am correct.
brschultz / markettimer777
