Watch for swing trade - going up or back down to channel bottomThe red oval is from a previous post when I made a swing put trade. Now price is just sitting above channel. This will provide a good move either back to 110+ or below 100.
NKE trade ideas
$NKE - the time has come$NKE is going to bust. It found a bottom, even if its temporary.
Entry around $101 would be nice but I dont know if we will see that.
Anything in the $105 area is also good. Hold for 10% on the swing and cash out.
Ready for tomorrow? NKE prediction for the next few days This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend.
There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July.
The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
$NKE Analysis, Key levels & Targets$NKE Analysis, Key levels & Targets
Just an observation that since 1989, the 100EMA has been a consistent support for NKE. That would take it to 90.14 today, but that number might be different when it actually crosses…
I have my alerts set…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread).
With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium .
Opex a few months out will give this trade idea time to work and capture more premium.
If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread
Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months.
Cheers
NIKE INC expected next possible moves Elliot WaveNIKE INC expected next possible moves Elliot Wave Analysis
$NKE with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $NKE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Nike: Air Jordans in murky Asian watersNike
Short Term - We look to Sell at 110.32 (stop at 118.64)
The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50.
Our profit targets will be 83.50 and 75.00
Resistance: 115.00 / 120.00 / 140.00
Support: 105.00 / 95.00 / 83.00
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Earnings watch 6/27-6/30Earnings watch 6/27-6/30:
6/27
NKE
JEF
6/29
BBBY
GIS
PAYX
MKC
FC
6/30
WBA
STZ
MU
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. 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, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
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
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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Nike Bullish Reaction From Weekly SupportIn this update we review the recent price action in NIke and identify the next high probability trading pattern and price objectives to target
Analyse for price acting, Nike #NKEMy take on Nike, so this analyse shows that it can go up or down or do any randomly unexpected things that the market wants.
NIKE Inc (BUY)Nike could make us happy in the next few days if the RSI breaks the 50 zone and we have a rebound.
Explanations on the graph.
NKELooks like we may be retracing from the previous C wave. Sell volume decreasing on the last two candles with some bull volume coming in on the current candle. RSI is in oversold territory on the weekly, daily, and 8 hour. Current candle is a flat bottom so far. MacD may also be losing momentum. The current candle has formed bullish right after an indecision candle at a support area. Strong wickage at this level looking back towards May 12th. Looking to see if we can retrace 1 to 80% of previous high a month or more out. Let's see what happens! Might be a good idea to wait until next week. The market been green the last two days.
What do you think? Let's have a great day!
NKE triggers SHORT opportunityNKE has settled below support with confirmation and is offering a decent risk/reward ratio @ entry.
This trade idea is trend favoring. I've detailed my ideal entry, stop loss and targeted areas on the chart.
I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
NKE in consolidation faze 🤖scalps can work in this area but need to be in and out quickly ! for swings I'm watching for break of 124.65 for long position, break of 104.65 for a short.
The price failed to break the support of 105.33The price failed to break the 105.33 support, which is expected to rebound towards 120.00
Nike to Drop in Price Until Near AugustGood Day To The Investing World
As shown in this simple analysis, judging from the previous few months of Nike's recorded performance, we can expect a drop in price on Nike's stocks.
This is a similar case for rival Adidas, who has dropped 29% in the past half year. Despite the lockdown era coming to an end, it's only one or the other that will eventually make the line point to the sky.
However, as the price falls, the trend rises. Therefore, the rise in trend will mean that eventually, as stated in the title, Nike may start rising again.
NIKE 5/28 PREDICTIONNike predicted pattern based completely on support and resistance trends from past weeks
$nke getting to 61.8% fib $NKE getting closer to earnings report.
$NKE in the 61.8% fib retracement, should get back to the area of $116 / 117.
$NKE MACD getting a nice crossign point.
Nike sitting on 20-year support lineJust an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend lines that stretch back decades. Seems like a warning to those who are selling or shorting Nike at this level. Anyone feel differently?
Not financial advice.
NIKE divergence, short??However, it is the 1W time frame that MACD and RSI divergence looks pretty clear.
Even analysts tell that Nike will go long, but there is a phrase that buys on the rumor sell on the news. This time sell on the analysts' TP forecast news.
It is better that be careful to go long at Nike.
NIKE WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
