From an Elliott Wave perspective, it looks like NKE could have a nice upward move in the coming days/months after a three-wave decline since February 2023. Not only did the correction almost reach the end of the previous wave 4, we can see an island reversal on the daily chart after the low of 102.69 was reached. As long as we are trading above this level, odds...
This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs. All other information is on the chart.
On the hour chart the trend started on June 1 (linear regression channel). There is a high probability of profit. A possible take profit level is 111.70 But do not forget about SL = 102.72 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
Nike - 30d expiry - We look to Buy a break of 109.31 (stop at 105.31) The primary trend remains bullish. This is currently an actively traded stock. The stock is expected to outperform in its sector. We are trading at oversold extremes. Prices have reacted from 102.90. The bias is to break to the upside. Our profit targets will be 119.31 and 121.31...
NYSE:NKE Watching to see if it holds this $114 level and 200sma on the daily which is at $113 Sold off due to FootLocket(FL) earnings which were terrible and NIKE IS NOT THE SAME COMPANY AS FOOTLOCKER! Saw bigger volume come in on Friday with buyers so want to see if that continue and if we can get back to $118 level. June and July Calls were loaded and are...
The nike symbol, on the week chart for Algorand (Algo)
Nike (NKE) broke above its Falling Wedge, which based on the huge rally since October, is the technical bull flag pattern for a bullish continuation. The very same break-out was seen on July 29 2020. Both sequences formed Inverse Head and Shoulders patterns and 1D Golden Crosses. Even the RSI formations are identical. The 2020 one targeted the 2.0 Fibonacci...
Momentally descended back from OBOS. Plentry of space to descend. Internal formation consistent with a Wave A on fibtime - this is unlikely to be an isolated move in the bounce from previous heights. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple...
Price Action Analysis on NIKE, Inc On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area. Fundamental Drives - China sales rebounded further due to ending its zero covid...
If you haven`t sold NKE here: or reentered here: Then you should know that looking at the NKE NIKE options chain ahead of earnings, I would buy the $115 strike price Puts with 2023-3-24 expiration date for about $2.40 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion...
NIKE seems to be loosing its bullish momentum after breaking below a major support to what appears to be a retest (or bear flag) to continue to the downside. This can be supported by the smaller time frames (15m) price action as price is failing to make higher highs and is failing to break and close above what is now resistance. Gaps usually are filled but...
BLOK looks to be a good pick because they are teamed up with NIKE !!! Above the 200 MA on the Daily! Bullish! Metaverse project with lots of room for upside! BOOM! Lets Go! Always keep an eye on Bitcoin!
Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements. Therefore we expect the stock to rise and target the resistance of 138.65, provided it...
Nike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash...
Nike longs! Nike (NKE) has surged over 12% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast. Price action has formed an inverse head and shoulders pattern, looking for the price to run back towards $150, as we look to break out of the bearish market structure via the weekly.
Nike is yet to release their earnings but they will be releasing them tomorrow and i'm anticipating that whatever they are will result in a downwards move towards the $65 area; I will be playing this move via Buying of the January and February $80 Puts and Selling the $100 January 20th calls.
$NKE has taken out my first price target on the daily and headed towards the $102.92 PL, then towards the gap fill at the 99.58 PL NYSE:NKE
Looking at the NKE NIKE options chain, i would buy the $100 strike price Calls with 2022-10-21 expiration date for about $3.45 premium. Looking forward to read your opinion about it.