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....
NYSE:ONON this high-end athletic shoe and clothing maker may be one for your watchlist. See the chart notations for technical details. I like this formation as it works more than 50% of the time. I like how it is above the IPO AVWAP. It has just tested the 50 DMA and may bounce here. The best entry would be over the upper short term downtrend line in the handle...
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...
NYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day.
Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock.
The higher line is the bottom completion level for this short-term bottom. The...
NIKE Inc. (NKE) presently trading above long-term resistance.
If a weekly settlement above this resistance occurs, (NKE) would be placed into a buy signal where gains of 20% would be expected over the following 5 - 6 months.
Inversely, closing below a near-term channel top would allow bearish rotation to recent lows, eliciting losses of 20% over the following...
Nike isn't on its best long term technical outlook being neutral on 1D but bearish on the 1W timeframe (RSI = 36.926, MACD = -4.740, ADX = 46.648). The four month pattern is a Channel Down, which if broken upwards should target the 1W MA50 (TP = 111.50). That's on the medium term because on the long term, the market needs to cross over the 1W MA100 (which has been...
If you haven`t sold NKE here:
Then analyzing the options chain and the chart patterns of NKE NIKE Options prior to the earnings report this week,
I would consider purchasing the 89usd strike price Puts with
an expiration date of 2023-9-29,
for a premium of approximately $2.13.
If these options prove to be profitable prior to the earnings release, I would sell at...
Following daily chart.
Got a long signal both of my indicators.
TP1 - 106.44
TP2 - 107.79
TP3 - EMA100 doesn't depend on price.
SL - Following indicator SL but under 97.37 daily close, you can stop also.
🔹 Breakout a short-term resistance level, signaling a positive trend for the short-term trading range.
🔹In case of a NEGATIVE reaction, it has support at approximately 385.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT - Double Top | BEARISH | 🔴
◦ DB - Double Bottom | BULLISH | 🟢
◦ HNS - Head & Shoulder | BEARISH | 🔴
◦ REC - Rectangle | 🔵
◦...
"Head & Shoulders" pattern, and mentioning the ticker symbol " NYSE:NKE ," which represents Nike, Inc., a well-known athletic apparel and footwear company. The "Head & Shoulders" pattern is a technical chart pattern that traders and analysts often use to predict potential trend reversals in stock prices.
The Head & Shoulders pattern typically consists of three...
NYSE:NKE recently experienced an unprecedented 9-day losing streak, marking a historic occurrence in their trading history. According to technical analysis, a Double Bottom pattern is emerging, emphasizing the significance of maintaining a weekly close above the horizontal support line. This pattern suggests potential bullish momentum if the specified level is upheld.
If you haven`t sold NKE here:
or reentered here:
Then you should know that NKE is currently trading at $109.52, and based on the following analyst ratings, there is a slightly bullish sentiment surrounding the stock.
Barclays has maintained a Buy rating on Nike, setting a price target of $127.00.
Additionally, Goldman Sachs also maintained a Buy rating on the...
Yesterday, NKE's share price closed above USD 113, but trading today could open below USD 109 per Nike share.
The reason is in the weak report released by the company. Analysts note a drop in demand for products, which may mean a "wake-up call" for consumption in the US economy, squeezed by tight monetary policy.
According to finance professor Jeremy Siegel,...
NKE breakout started happening on the news by FED or may be a short squeeze
The next earnings are on 29 June
The current technical breakout showing a movement which can see quick recovery to 128 Levels before earnings
At the earnings it can potentially break the major resistance level of 128
Price levels @ 116 will confirm a fib golden pocket zone entry...
Potential C&H is forming on Nike.
It's definitely too soon to execute trades based on the week upside in the last few days. We need the price to break above the Resistance of the previous M Formation.
This one requires a bit of patience because anything can happen at this rate.
Either it can form a C&H, W Formation, Scallop. Or it could fail and drop further if...
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