NKE - Double Bottom Higher LowHigher low double bottom situation along a strong up trend in green.
I expect this to allow a recovery upwards strongly.
The curve just highlights the sharp rise.
Daily timeframe.
NKE trade ideas
NKE - LongFrom an Elliott Wave perspective, it looks like NKE could have a nice upward move in the coming days/months after a three-wave decline since February 2023. Not only did the correction almost reach the end of the previous wave 4, we can see an island reversal on the daily chart after the low of 102.69 was reached. As long as we are trading above this level, odds favor a recovery.
Is Nike's accumulation nearing an end? This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs.
All other information is on the chart.
NKE Buy TF H1. TP = 111.70On the hour chart the trend started on June 1 (linear regression channel).
There is a high probability of profit. A possible take profit level is 111.70
But do not forget about SL = 102.72
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
$NKE - Looking bullishNYSE:NKE looking bullish. Its might be heading to upper trend line inside a symmetrical triangle. Targets - $116, $125, $150. Downside risk - $100, $90. I am long.
Long on NIKEMy way is trading is that I will focus on a minimum of 10%-15% of profits. The last trade which I took was "Morgan Stanley" and I achieved my criteria, so it was closed yesterday. Checking other patterns "NIKE" seems to be a wonderful choice to enter a trade.
Started accumulating at $105, it may go all the way to $100. But atm, I would say $105 would act as a strong support. Now focusing on our take profits, my first TP1: $117 and the second TP2: $127.
As always, please do your own analysis and trade wisely folks
Ready to add $NKENYSE:NKE is ready to rebound (20%), if you want to add to your portafolio, this is the time!
ok NYSE:NKE , just do it!
Nike to turnaround?Nike - 30d expiry - We look to Buy a break of 109.31 (stop at 105.31)
The primary trend remains bullish.
This is currently an actively traded stock.
The stock is expected to outperform in its sector.
We are trading at oversold extremes.
Prices have reacted from 102.90.
The bias is to break to the upside.
Our profit targets will be 119.31 and 121.31
Resistance: 109.10 / 113.00 / 116.00
Support: 105.00 / 102.90 / 100.00
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NIKE holding up very well after earning gapNYSE:NKE Wait for close above 118.55$ to long the stock. Target and price action are shown on the chart, stoploss daily close below 114$.
Nike's Downfall Ending?Sure, here's the revised version:
"Nike's recent stock performance has been marked by a bearish downtrend, largely induced by an unfavorable earnings report from Foot Locker, one of its key retail partners. Foot Locker reported an 11% drop in sales, which has triggered a readjustment of expectations among analysts, with a challenging outlook predicted for Nike. Despite this, the Relative Strength Index (RSI) for Nike signals an oversold condition, suggesting a possible reversal in the near future. This perspective is further reinforced by the Fibonacci retracement analysis, which identifies a critical support level at the 61.8% mark - a threshold we are nearing. Trendline analysis aligns with this view, implying an imminent breakout within the next few trading sessions. Considering this amalgamation of technical indicators, I remain cautiously optimistic about a potential shift towards an uptrend in Nike's stock performance in the forthcoming period."
Descending trianglePrice is below the support line and has met T1.
Spinning top/candle of indecision today.
No recommendation
WILL NIKE BOUNCE HERE AFTER FOOTLOCKER EARNINGS DRAGS IT DOWN?NYSE:NKE
Watching to see if it holds this $114 level and 200sma on the daily which is at $113
Sold off due to FootLocket(FL) earnings which were terrible and NIKE IS NOT THE SAME COMPANY AS FOOTLOCKER!
Saw bigger volume come in on Friday with buyers so want to see if that continue and if we can get back to $118 level.
June and July Calls were loaded and are still being held by flow so will watch this closely.
NKE Accumulation phaseBased on the last Volume heavy buying @ 125
Currently its bouncing from a very strong support zone of 115 to 117
after confirmation of bounce
Entry @ 118
TP1 @ 125
As per FIB retracement it also looks like its on its way to a bullish reversal once its crosses the 131 level
for long term investment
Entry @ 135
TP @ 175
NKE Entry, Volume, Target, StopWhen price clears: 119.15
With daily volume greater than average.
Target: 130.00 area
Stop: Depending on your risk tolerance; 116.45 gets you 4/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$NKE: Short term decline ran its courseBy Monday, a signal to exit shorts or buy into strength to capture a potential rebound in the stock will trigger.
Keep an eye out for a new daily high to enter longs, stop a bit below the recent lowest low is fine.
Hold the trade for 5 business days or until it reaches the target shown by the rising arrow.
If it remains sideways instead of rally, it will likely trigger a new bearish trend signal, indicating continuation to the downside.
The long term trend was bullish as per quarterly data, so I am inclined to think the dip will get bot.
Best of luck!
Cheers,
Ivan Labrie.
$NKE Cup with HandleNYSE:NKE trying to get out of a cup with handle base.
I continue to remain on the sidelines observing for now.
NKE Target $170Cup and Handle Pattern is complete.
April monthly candle had a full bullish close with a lower wick suggesting rejection of lower prices and bulls about to take control.
Price Target 170
it's time to falling for NKEbefore buying, please check for being sure about your opinion about this STOCK!!!
(in every target you want, closed the position but our target is the third one)
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if you want to enter in this position:
Enter Price: 125.93
Target1: 125.24
Target2: 124.33
Target3(Final Target): 123.26
Stoploss: 127.40
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Needs to close above X leg for cup/handle breakoutNike is facing resistances from X leg, which was a previous support leg... This is not a confirmed breakout out til the handle breakouts above current resistances. For now, im monitoring this position, and remain neutral. However, overall market is looking bullish... wait for confirm breakout before proceeding w/ this position.
NKE - CUP (& handle?) in the makingA "CUP" formation (with or without the "handle") is usually a consolidation period after the stock has run up.
NKE ran 60% since its capitulation low @ 81.74 on 3rd Oct 2022 to a high of 130.92 on 2nd Feb23 before it began to "consolidate" for the past 2.5 months.
It looks like it could attempt to retest the last high @ 130.92 in the coming days. Once it reaches this level however, whether it would break up soon after or instead begin another smaller consolidation (to form a "handle") remains to be seen. With earnings expected only in late June, it is possible a breakup above 130.92 may not happen so soon.
Those who are invested need to remain patient as the longer term trend is still looking good.
Short term trader would wait for a confirmed breakup of the neckline 2 @ 130.92 to initiate a Long trade.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NIKE is making a bullish break-out targeting $155.00Nike (NKE) broke above its Falling Wedge, which based on the huge rally since October, is the technical bull flag pattern for a bullish continuation. The very same break-out was seen on July 29 2020. Both sequences formed Inverse Head and Shoulders patterns and 1D Golden Crosses. Even the RSI formations are identical. The 2020 one targeted the 2.0 Fibonacci extension. That is not at $155.00 and that is our long-term target.
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