NKE Double Top on Short-Term TrendDouble tops seldom decline steeply. The current price has not dropped through the top completion level. If it breaks through that support, the target downside run gain is around $78.
NKE trade ideas
Nike Wait for head and shoulders !Comment if you have a better Idea , I'll appreciate it
Like if you agree...
NIKE 1D sell the breakdownNike's uptrend starting to run out of steam. Look for sells on the breakdown from this structure
NKE: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NKE kicking it to a new high despite crap earnings Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.
According to my chart, DOW should top out Wednesday. We'll see.
Fall... Just do it.Hard intraday reversal means we should be seeing an abc back to the .382 retrace and retest of the channel trendline here.
Woods BIG win to push $NKE Higher?Taking a shot on this swing to the upside with Tiger Woods getting a win. Hes the poster-boy for Nike Golf and he just caught himself a big win. For some reason I just see every "Middle Age'd Guy in America", waking up tomorrow morning and saying - "Hey you know what, that Nike looks like a good investment bois."
Will set limits as noted and update trade first thing tomorrow morning.
Just Dump It! :)Easy stop loss on the nke for a potential short play
seem to be a strong stock at the moment so be careful play small
$NKE What a weekend for TIGER and NIKENIKE could really not have planned it better, it looked like it was scripted, the redemption of TIGER WOODS while wearing everything with that Nike logo blasted across our TV screens. Golf and golf apparel has had a rough time in the last 10 years but TIGER is the man who can turn that around single handed. All if forgiven lets go long.
NIKE quick trade NIKE quick trade buy Market for first target on the resistance 88.13 if the price managed to break this level add extra amount for next target will be around 93 and stop loss will be around 81 for the first trade
Will NKE Push to $100? Last post: September 17th 2018. See chart .
Review: Price had just cleared $80 and was looking strong for further bullish action.
Update: Price instead pulled back to $67 found support, bounced and is now trading back above $87.
Conclusion: Patience needed until a break and close above the March high to suggest a bull trend continuation.
Sublime Trading
Nike - Get those Sweatshops pumpingWhats up traders -
Analysis is on the chart. This is a short term day trade.
We got a momentum / moving average channel buy signal on Nike this morning and have bought in targeting $82.00
Let me know if you have any questions and best of luck!!!!!
NIKE shortPublication of a negative quarterly report provoked a strong downward momentum and interrupted the recovery of stocks since the beginning of 2019. The development of the potential of the pivot point, as well as the height of the amplitude on the AO oscillator, speaks about the strength of the pulse. The breakdown of the previous fractal down at 83.70 - a signal to a further fall in stocks
Short setup for $NKEnot quite convinced NKE is out of this downtrend (near-term) quite yet. Forming a bearish wedge/channel on 4hr and 1 hr
sitting directly under the 50 day ma on the 4hr and directly under the 200 day ma on the 1hr which both seem to be acting as resistance. If NKE can close the first hour tomorrow above the 200 day I may be more convinced a new trend is setting, otherwise we may have a decent short setup down to the 81.50 area
Nike trajectory - Med term target $54 in 2019?Thank for viewing,
Disclosure; I haven't been tracking Nike until a couple of days ago and thought I would post this to see if I can get some feedback. I am not presently able to short trade this share so am just watching for now. I was drawn to it by recent news about presumptive Np.1 NBA draft pick Zion Williamson's and minor injury caused by a Nike shoe blowout. My analysis does in no way hinge on this story, but it can't help the Nike share price and it may just be enough to allow the previous swing high to not be exceeded. A lot of people (who aren't top level sports talent) can place themselves in Zion's shoes (like literally).
I would also point to Nike's increasingly politicised marketing campaigns as a cause for investor concern (personally I am a supporter or Colin Kaepernick's protest and would like to see him play again) simply because they have decided to place a talented Sportsman who isn't presently playing at high levels at the centre of their marketing campaign. You don't need to wear the best designed sports shoe to protest inequality. There is a risk that Nike's huge (31% of costs) marketing budget has become at least partially un-linked to mastery in the game. This perceived link had, until now, served them very well.
Air Jordans were the highest selling shoe because almost everyone wanted to emulate or be associated with Michael Jordan's absolutely dominant and universally recognised basketball mastery. Even sales of these have slowed recently (www.thestreet.com).
These are sideline issues compared to the increasing miscompare between Nike's share price and dividend yields. in late 2017 Nike's PE ratio went from 22 in August and 25 in November to 62 in Feb 2018 and 65.57 in August 2018 (www.macrotrends.net) also (ycharts.com). This is over-extended bubble territory. When PE ratios get too high and EPS fall investors are understandably less willing to accept share price volatility (which increases), so any price weakness should result in a steep selloff.
This is a conditional post; I have shown on the chart what I expect to happen over the coming weeks. If the price and RSI both show a lower high and the MACD MA crossover holds and heads downwards for the zero line I think a deep correction is in play. If these three things happen, I would say $54 per share is conservative. Results are expected in a few days at the end of February, expect the high of $86.04 to not be exceeded and the results to be insufficient to support such an inflated PE ratio (which, of course, hinges on very bullish expectations of future growth). Even if Nike posts expected or above expected earnings guidance I expect there to be a sell-off as investors realise how over-extended the share price has become.
This was seen in 2018: "Investors weren't all that impressed. 10 percent revenue growth ... it really needed to be a little bit more than that," Stacey Widlitz, president of consulting firm SW Retail Advisors, told CNBC (www.cnbc.com)."
My view is, of course, coloured by a an increasingly bearish view of the S&P500 and expectations of a European (Italy in recession, Germany likely to follow with GDP growth currently at 0%) and US recession possibly apparent shortly. Most analysts are calling a 2020 US recession. I just think it may be brought forward a few months. Nike has increased revenue by raising prices for its goods, something that may shortly become unsustainable. I will be following with interest. Good luck everyone and protect those funds.
