Bear divergence indicates that NKE stock cold be bottoming. However, Price did fall bellow Support at 53 with moderate volume. It could just be testing the "neckline" before resuming down trend. I am staying neutral for now, and will wait and see how price reacts to earnings before entering a trade.
Nike hit a historical support level now seeing a base/accumulation here at the support expecting some more upside from here to the highs, a good one to keep an eye on for a long set up this week
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I never liked $NKE above $65 but now that the downward trend has taken it down to $54 it will be interesting to see if it will start a reverse back to $58 or will keep heading south to below $52 and then below $50.
i have been taught only sell puts on stock you want to own at the price you are selling those puts! Nike is one of those companies. Nike isn't going anywhere, continues to sell more shoes, and brand their swoosh worldwide
so pick an are where you think you would like to own shares. I like getting paid up front and lower my cost basis even more if and when i get...
Hey! I see nice opportunity to go long on this stock. We have strong support.. and the resistance almost 20% higher. I think that we can try earn some money on log position with nice R:R ratio.
cci and percent r at bottom-only pullback- till feb lows-fell apart after earnings last time-below 50 and 200 ma-below 8 ema-stoc crossed-rsi weak-stop loss close in cloud
We had a tactical upthrust, followed by a consolidation range which doesn´t look very strong. It could correct further........it very often shows new signs of life before any major worldwide sports event :-)
Simple support and resistance lines in play that have been substantially respected before.
..this is my first published idea :)
Looks like a low risk long
macd and stoc crossed below crucial mas see in oour book on amazon what they are cci and percent r downward
last time gapped down after earnings relative atrength weak money flow very weak
