Nike in logarithmic monthly chart . In daily chart possible continues correction until dynamic support line
After being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread). With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call...
NIKE INC expected next possible moves Elliot Wave Analysis
In this update we review the recent price action in NIke and identify the next high probability trading pattern and price objectives to target
As shown, nice bounce off the lows. Five wave structure starting to occur. Would expect upside to at least the fair market value.
Good Day To The Investing World As shown in this simple analysis, judging from the previous few months of Nike's recorded performance, we can expect a drop in price on Nike's stocks. This is a similar case for rival Adidas, who has dropped 29% in the past half year. Despite the lockdown era coming to an end, it's only one or the other that will eventually make...
Just an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend...
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other...
Grab A Pair of Nike’s For A Friendly Game Of… ...head shoulders knees and toes! I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart. My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99. On another note, I was...
Potential short trade set up for NKE. Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
Nike seems to be in a long-term correction where it has completed wave A and now looking into forming wave B. Within wave B, wave A and B seem to be completed in a nice text-book style flat correction. Wave 1 of C seems complete. I will look at the behavior and reaction to the upside in the coming week to confirm my bias.
NKE has remained within our internal trading parameters. After assessing the past six weeks our probability is pushing out greater than 90% of closing above the 122.68 by end of the week. Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target. End of the week is the key;...
Nike Short Term - We look to Sell at 136.07 (stop at 140.63) Bespoke resistance is located at 140.00. Posted a Bearish Outside candle on the Daily chart. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish. Our profit targets will be 119.93 and 111.01 Resistance: 140.00...
NKE Potential for Bullish Bounce. Good setup, Trend inversion, Inverting the Bearish trendline, now creating an ascending Bullish Channel. Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
NKE offers a good buying opportunity. The retracement seems to be complete and the stock is ready for another leg up. My goal : $136 Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
Nike ($NKE) on the daily looks to be forming a left shoulder to complete a head and shoulders pattern. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy...
Daily Mayor Pattern: Reversal Head & Shoulders Trigger point Buy 140 Failure Sell point 131.20
I'm looking for a nice recovery in Nike. Not new highs but a nice return none the less. There is a price gap as noted. Likely that is filled IMO.