Higher low double bottom situation along a strong up trend in green.
I expect this to allow a recovery upwards strongly.
The curve just highlights the sharp rise.
Daily timeframe.
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...
Based on the last Volume heavy buying @ 125
Currently its bouncing from a very strong support zone of 115 to 117
after confirmation of bounce
Entry @ 118
TP1 @ 125
As per FIB retracement it also looks like its on its way to a bullish reversal once its crosses the 131 level
for long term investment
Entry @ 135
TP @ 175
Accuracy and consistency matter to develop trust that I will always
try my absolute best to give the best analysis and simplest trade setups
that I can. :)
before buying, please check for being sure about your opinion about this STOCK!!!
(in every target you want, closed the position but our target is the third one)
*************************************************
if you want to enter in this position:
Enter Price: 125.93
Target1: 125.24
Target2: 124.33
Target3(Final Target): 123.26
Stoploss:...
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...
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...
Nice signal here in $NKE, suggesting the decline from the recent top is over, tight stop allows for a big payoff if the trend keeps going, trail stops gradually over time if it holds over this range.
Best of luck!
Cheers,
Ivan Labrie.
NKE Bearish channel; inside week from Dec 5 to 9, and then outside week from Dec 12 to 16. Today (Dec 19) it broke below last week's low ... this is now the third week in a row of lower-lows.
Is it possible that it rallies and goes for a second outside week?
Anything is possible, but it is also up against the bearish channel on the upside. There is very little...
Ticker: $NKE
Investment Strategy: Short
#RSI divergence from oversold
#Crossover of 9ema and 21 ema.
#MACD crossover and divergence.
Fundamental analysis:
Nike, Inc. (NKE) financials that may be helpful in conducting a fundamental analysis of the company:
Revenue: Nike, Inc.'s revenue has been steadily increasing over the years. In 2020, the company generated...
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...
NKE having a hard time making a new high after the pop from earnings Nike trading sideways with a $11 gap to the downside starting at $115.39 that a lot of trades would love to take
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...
