NKE: Trade to closeThe trade was given on 7th June at 133.79 entry. you may close the trade, profit should be 210% of the risk.
Only pure technical analysis is used (some equation our team developed), so you won't see much description in our analysis. You may include your own fundamental knowledge to increase the winrate but without is fine too. Just make sure to apply SL & TP.
NKE trade ideas
NIKE - NKE - HOPEFUL $165 HIT THEN RETRACE TO RETEST THEN $185All,
Hard to predict Nike with the wild quarter as you can imagine I think $175-$200 obviously realistic.
1) Nike was primed to move before hand right angled descending broad wedge.
2) I think we should see $160s
3) Only way I get in this is a retrace from 160s to retest top of highs. Top of wedge in 140s (will probably be instant if you dont get in at the right times its gone)
Think after retest id see about $180 hard to gauge. This also assuming market etc.
$NKE 8% profit in one day with Iron Condor #nike #options$NKE 8% profit in one day with Iron Condor #nike #options
8% profit in one day at event?
Let's see!
Max profit: $45
Probability of Profit: %75
Profit Target relative to my Buying Power: 8%
Req. Buy Power: $554 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 24
Expiry: 1 days
Buy 1 NKE Jun25' 120 Put
Sell 1 NKE Jun25' 126 Put
Sell 1 NKE Jun25' 145 Call
Buy 1 NKE Jun25' 150 Call
Iron Condor spread for 554cr, because IVR is relative high because event.
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$NKE Nike Key Levels.
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NKE Run-up into earnings?NKE holding above $130 still and earnings are just around the corner on June 24th
I personally like NKE as long as it continues to hold $130 support. Earnings coming up and may see a nice pop prior to the report.
More on the RISKY side of trades for me since we have seen market weakness recently and it may force NKE down as well but I think its worth a shot long.
Looking at July 16th $145 Calls for 0.62
REMEMBER TO SCALE INTO TRADES AND NEVER ENTER YOUR ENTIRE POSITION AT THE START.
NOT FINANCIAL ADVISE! JUST SHARING MY IDEAS AND OPINIONS ON WHAT I THINK ABOUT THE STOCK
Nike - Short ItShort term pull back:
Technicals
-Having a hard time finding momentum to newer highs
- Buyers located around $97 might stop at $115
-Gap fill available
-Buy the rumor; Sell the News....always
Opinionmentals:
-DJI going through a healthy correction overall
-Over-valued in general
-Competitors slowly eating away at market share (Lulu lemon/adidas/underArmor.... arguable point)
-Decline in North American Revenue
- Portfolio managers looking for market weakness and want to take some money off table possibly.
Not Financial advise; I'm a contrarian at heart.
A trading idea on Nike! 👀Hi everyone! Today’s trading idea is on Nike (NKE)!
It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next.
Second, the RSI shows an advanced breakout, and this is another confirmation we have here.
Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing. If it loses the support, we should get out. The target is the 138.
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See you soon,
Melissa.
Nike Long for a big profit?My analytics from a simple RSI, marked by smiley faces in my chart, shows Nike's ($NKE) growth during June's Quad Witch period. Connect the emoji's and you'll find substantial growth opportunity between each point. From a 5 year mark, our RSI comes in at 44.26 showing that it's in a sweetspot over under-bought. Definitely a good opportunity