If you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE: Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week, I would consider purchasing the 100usd strike price Calls with an expiration date of 2024-12-20, for a premium of approximately $10.35. If these options prove to be profitable...
Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1. If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1. Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We...
Earnings are forecast to grow 10.98% per year Analysts in good agreement that stock price will rise by 20% China is regaining its strength... this should help Nike's sales.
Foot Locker ( NYSE:FL ) finds itself in the spotlight as shares plummet by approximately 29% following the retailer's announcement of a profit outlook below Wall Street expectations for 2024. The dramatic drop in share price reflects investor concerns over the company's planned investments aimed at bolstering demand, which are projected to weigh on profit margins...
Walmart, Costco, Target, CVS, Home Depot, and Walgreens are the largest box store giants in the market. Proctor and Gamble along with Nike are in here because they are both also mega corporations and since P&G has so many products in these stores. Nike is also a staple in these stores but Proctor and Gamble especially belongs here. These Fibonacci Schematics are...
Nike topped Wall Street estimates for first quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures, sending its shares up about 8% in extended trading. Nike (NKE) is the largest apparel company in the world, with leading positions across different categories and regions. The...
In a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($NIKE) has announced significant cost-cutting measures, including the layoff of approximately 1,700 employees, representing about 2% of its workforce. This move comes as part of a broader initiative aimed at slashing costs by as much as $2 billion, reflecting the company's...
Alright bullish earnings and it popped up. Easy 200+. Buy now and sell when it hits that green line. Have your SL at 102.
Market Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement...
Hello TradingView Family / Fellow Traders, On Weekly: Left Chart NKE has been hovering inside a range in the shape of a symmetrical triangle. Moreover, it is currently sitting around a strong round number 100.0 🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take...
Navigating the Growth Trajectory of On Holdings, a Rising Star in Athletic Footwear Support Level: $23.86 Current Price: $27.70 Resistance Zone: $28.53 - $31.95 Target 1: $37.56 Resistance Level 1: $43.32 Resistance Level 2:46.27 Target 1 (Long Term): $50.94 Target 2 (Long Term): $71.96 On Holdings has rapidly become a market leader with its revolutionary...
Sports apparel giant Nike ( NYSE:NKE ) is set to deepen its foray into the video game space through its blockchain and digital wearables division, .Swoosh. The company's recent announcement promises a new line of virtual products known as "Nike In-Game Wearables," which users can directly purchase and wear within their favorite video games. Despite the excitement...
Nike is almost oversold on the 1D technical outlook (RSI = 33.787, MACD = -2.530, ADX = 53.733) and is trading sideways inside the P1 Zone, which is the Pivot Band that has started several rebounds inside this 1 year Triangle pattern. This isn't an automatic buy for us yet, we need to see the price crossing over the 1D MA50 before buying and aim at the LH...
The NIKE share price fell sharply within a few hours of the presentation of the quarterly reports. We must now primarily assume that the stock has formed the top of the wave (A) in red with the last high - and has since sold off in the course of the wave of the same color (B). The bears have already been able to drag the price below the support level of $104.01....
Nike, the world’s largest supplier of sports shoes, will cut costs by $2 billion over the next three years. This will involve layoffs and more automation. Sports footwear giant Nike is planning to take cost-cutting measures to save $2 billion over the next three years in response to escalating worries about a global slowdown in consumer spending. The company...
Key Takeaway 1. Foot Locker beat third-quarter earnings and sales expectations. 2. The shoe and apparel retailer said it expects better same-stores sales this year than it previously did. 3. Foot Locker has been hit by customers dealing with inflation and Nike’s focus on direct sales. Shares of Foot Locker rose today in premarket trading after the company...
Chart looks bearish with lower lows and lower highs. Once it goes below 80, high chance it could hit 50, may be by May 2024.
Dear Investors, Nike is showing a strong buying signal after good fundamentals this year. this could be your opportunity to invest in a low-risk high-reward trade. you can contact me for more info on why this is a good trade & give you a strategy on how to manage this trade and close it in the best scenario possible. you can check my old trades too to get an...