Dear Investors,
Nike is showing a strong buying signal after good fundamentals this year.
this could be your opportunity to invest in a low-risk high-reward trade.
you can contact me for more info on why this is a good trade & give you a strategy on how to manage this trade and close it in the best scenario possible.
you can check my old trades too to get an...
NYSE:NKE Nike did a reversal from $88 (see prior post). It is currently trading inside a descending wedge.
If the price can break above $98, it can see further upside.
Here are the price targets:
$107
$110
$114
Downside risk:
$88
I am long.
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 the price fails to rebound from current support level at 101.85, then it is going to revisit 89.10 and possibly form an inverse H&S pattern at 78 price level before rebounding. Buy in tranches as nobody can predicts how the market will behave
Entry: with price below 96.55
Volume: with volume greater than 20.1M
Target: 87.57 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 96.54, 101.03 gets you 2/1 Reward to Risk Ratio.
This SHORT swing trade idea is not trade advice and is strictly...
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...
This stock has taken some punishment as of late.
It is oversold but securities can remain oversold or overbought for extended periods.
Short is low at just over 1%.
Possible M pattern forming.
Earnings are Thursday AMC.
Perhaps earnings will be outstanding but retail does not seem to be in favor right now, and even dirt can get cheaper )o:
No recommendation
NYSE:NKE is quite oversold. There are two possible areas for a reversal:
$88
$82
If you are waiting to BUY Nike, watch these two areas for signs of price stabilization.
The earnings report (ER) is scheduled for 09/28.
Nike, Inc. is undeniably a global powerhouse in the athletic footwear and apparel industry, boasting a strong presence in the S&P 500 and a legion of celebrity endorsements.
Pros:
Strong Business Moat: Nike's brand recognition, innovation, and global reach create a formidable competitive advantage. This moat suggests that the company can maintain its market...
AT A GLANCE
Simplistic Analysis: mean reversion/swing back to the centerline.
Earnings Anticipations: positive surprises for EPS & Revenues.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Shares of Nike, Inc. (symbol ‘NKE’) have managed to have an overall balanced performance throughout the quarter but have declined around 7% since the beginning of the month. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 28th of September , after market close. The consensus EPS is $0.73, against $0.93 of the...
Nike is about to test strong support
This chart shows the weekly candle chart of Nike's stock over the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Nike's stock has hit its lowest point in recent years, hitting the 2.618 level of the bottom up golden section in the figure. The low point...
The primary idea here is to long the impulse move up from 81 to 130 usd in the retrace for a potential cell wave c/3
the alternative is that it is a new 1-2 setup
The wxyxz down could also be a new impulse but should be completed in a high interest zone and thus the trade should at least pull to breakeven even if my idea is not correct.
nfa
During Nike's recent annual meeting, shareholders rejected a proposal from Arjuna Capital that called for increased transparency in pay equity data for female and minority employees. This proposal did not receive the required majority vote to pass. Nike has faced growing pressure for supply chain transparency, including calls to compensate workers in Cambodia and...
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.
Hi guys! This is a look into Monumental MACRO developments occuring in Nike stock market structure, some of which are happening for the 1st time in history.
For this reason and in my opinion, its a very important time to keep eyes on Price action.
The aim is to briefly go over what those developments are and what it may mean for NIKE's Current market trend....
