Nike Short Term - We look to Sell at 110.32 (stop at 118.64) The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50. Our profit targets will be 83.50 and 75.00 Resistance:...
In this update we review the recent price action in NIke and identify the next high probability trading pattern and price objectives to target
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 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...
Market just finished 1-5 Elliot wave and started going down, we are waiting for it to bounce off of a 50% fib zone, retrace to a trend and go down to our demand zone, where we should enter the market for a long position and expect retrace to 50% fib zone of downwards movement. AROON: Shows gain in a bearish momentum so it means we should hit our 50% fib...
Nike's gone pretty low since its all time high at 178. I think that Nike is going to moon like it did after bouncing off the support line to go from 144 to 178 last time. The RSI indicator also shows that the strength is really low, so its the perfect moment to buy. "THIS IS NOT INVESTING ADVICE"
Nike - Short Term - We look to Sell a break of 143.08 (stop at 148.92) Posted a bearish Flag formation. A break of 143.00 is needed to confirm the outlook. Closed below the 20-day EMA. 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. The sequence for trading is lower lows...
Hello Everyone today we are going to a briefly review on #Nike And some good points for buy and hold. Best wishes to you.
Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do...
Supply Chain issues. Factory closes in Vietnam due to Covid-19. Analysts are expected for the company to lower the sales guidance because of this. Considering the head and shoulders bearish chart pattern, my price target is 140usd.
The long-term trend in the weekly time is quite upward and now it has corrected and taken back the important floor with a chat and it seems that the uptrend has started again and has attacked the resistance twice and is doing this for the third time. There is a lot of failure, thank you for liking and commenting
$NKE 2HR CHART- NKE had a nice double bottom and is currently going for that retest of the downtrend resistance (pink). Also has a nice gap fill at 132, eyeing the volume on the breakout for momentum to carry it to the next supply zone at 136. Under 125 would invalidate this idea.
#NKE will probably look for the next resistance
$NKE. After selling off a bit, it has nicely rebounded from it's .236 Fibo (see also BUY signal). It's trading in range just above it's POC (point of control), bouncing off the .786 Fibo retracement. With ER on 3/18, we can expect an earnings run-up, will face resistance at $150, $152 and $156. I'm long on Nike. Happy Trading, from CJ -- aka the...
Nike got the upwards bullish channel and possibly has the potential to reach $149.
As seen in this 4 hr chart, Nike has been in an ascending channel since the corona sell off/rebound. The price action has moved in accordance with the upward parallel channel it is seemingly advancing in. It has recently slowed down and failed to rise back above the midline of the channel recently. Heres the tricky part, Nikes recent sell off leaves this one in...