NKE trade ideas
Nike completes the 5 impulse wavesNike completed the five waves structure and may be due for a correction.
NIKE INC. SHORT📈 NYSE:NKE SHORT H4
🛒SELL BELOW = 110.40
🎯Target1 = 106.10
🎯Target2 = 103.40
🎯Target3 = 99
🛑Stop loss or cancel trade = 117.55
🙈Recommended risk = (1%-2%)
#NKE #NKESHORT #NKESELL
Elliott Wave View: Nike (NKE) Breaks to All Time HighNike (NKE) has made another all-time high suggesting the bulls remain in firmly in control. Elliott Wave View of Nike suggests the stock is still within the cycle from March low as an impulse. Currently, the stock is within wave (5) from March low. The rally from March Covid-19 low to $117.42 ended wave (3). Pullback in wave (4) completed at $110.05 as a double three correction. Down from wave (3) at $117.42, wave W ended at $110.21, wave X ended at $113.84, and wave Y of (4) ended at $110.05.
Wave (5) rally is now in progress as an impulse Elliott Wave structure. Up from wave (4) low at $110.05, wave ((i)) ended at $113.26 and wave ((ii)) pullback ended at $112.66. The stock then resumed higher in wave ((iii)) towards $116.21, wave ((iv)) pullback ended at $114.34, and the final wave ((v)) ended at $118.23. This also ended wave 1 of (5) in higher degree. Pullback in wave 2 is proposed complete at $114 as a zigzag. Down from red 1 at $118.23, wave ((a)) ended at $115.43, wave ((b)) ended at $116.91, and wave ((c)) of 2 ended at $114. Near term, Nike still needs to break above wave 1 at $118.23 to avoid a double correction in wave 2. As far as pullback stays above $110.05, expect the stock to find support in 3, 7, or 11 swing for new all-time high.
Nike stock hold through the SPX selling pressureMy position @107
Strategy: Hold til price get totally rejected with bad candlestick
Why hold: I think it still wanna get greedy or finished the who Fib Extension play.
Sell price: please see price tag listed above. I'll def sell around that area and leave happily with my profit.
Cup and Handle Ascending TriangleSupport at top trend line of A triangle which is also entry level. Support can be found at handle low at 93.35 if it breaks through the A triangle trend line
The dow seems to be faring better than the other 3 major indexes. DIA is the only one that was not in a rising wedge as well so it may be a good place to look during this deep correction
The trend is your friend, until it is not
Not a recommendation
Good luck!
NKE BUY OR LONG , TARGET UP TO $140NKE confirms the " Cup and Handle " pattern and targets this pattern at $140
NKE BUY : $105
NKE TARGET : $140 +-2
Stop loss : 8%
Wish you a good deal!
Just Do ItNKE breaking north of $100 after long battle. We've been in some 98.5c's a few weeks out targeting a move to $105, with a stretch target of $110.
NIKE : Swing, 100% Price ActionNYSE:NKE : Follow the uptrend. #UniversTrader
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Break it HIGHNke is going to take off from its 52 week high and while you can't see the top, we'll just ride along with it. I long for this unless SPX blew up.
Trade with the trend. Don't fight the trend.
Protect your Portfolio all the time cos nothing is not guaranteed.
$NIKE Day trade
Sentiment and the market may be at long last ready for a rotation out of the top 7 stocks, nike is a stalwart retail stock in breakout mode.
Will be looking for a long today in a bullish retail space.
$NKELooking for $NKE to reach the 1.382 for Wave 3 then retrace into the low $100's to high $90's for Wave 4
$NKE Nike Breakout Trade Target
Potential entry above $110
Upside target $120 which may prove to be a psychological resistance.
NKE- Long set upNike has been in a strong trend. Just broke out of previous highs of Feb and may run higher. Nice set up. There is a trend line resistance coming up on higher time frames but if market breaks to new high. Nike which has been trending strong will go with it.Just an opinion. Please do your homework before trading or investing in any financial asset.
