hello friends , this is my idea about nike stock price movement in future , hope it was be a useful for traders
Sportswear manufacturer #ADIDAS dropped overall -47% after they had to close their local shops cause of Covid and got terrible expectations for Sales. If we comparing the blue indicator (TEXTILES & APPARELS Index - TSE/TXA) in the chart we can see that we already reached the bottom of the crash (maybe). And the white indicator (Nike) give us a picture what stock...
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As we saw with other stocks they joined in a pullback what will show again a drop to lower levels. I'm short in nike.
Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal of wave ((Y)) subdivided as a zigzag...
$NKE Long at this confluence between horizontal and dynamic support. Daily chart
$NKE at confluence zone between R/S flip and uptrend line support. Daily chart
I was originally really bearish on Pton but when i saw that CMCSA had stake. it might be a fun play now. "Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism." Read more at: thefly.com Entry 26.60 target 28.00 stoploss 25.60
BE COURAGEOUS IT WILL PASS AS ALWAYS IF YOU HAVE CASH ASIDE JUST BUY THE DIPS YOU WILL BE REWARDED IN FEW MONTHS Take care of yourself and relax and keep calm
At least in the short-term nike seems to be forming a top at this median line & top slope in pennant. RSI hold below 70 would be indicative of a top too.
As you can see on my chart, I expect a fall in the Nike after overcoming the mark of $ 96. As you can see on my chart, I expect a fall on the hike, after breaking the $ 96 mark. If you want to know more information about my forecasts, subscribe to my YouTube Channel (/channel/UCFjEDgByCftksVKr8nZoOZg? View_as = subscriber) More than my forecasts for the short term
Hi, today we are going to talk about Nike and its current landscape. Nike is poised to receive increasing attention from the market as relevant events are taking place. The company reports its earnings on Thursday after the market had closed. With a strong year, this report could be a Nike event to continue its momentum, also after the company has stopped selling...
*This is not financial advice. Do your own research.* In the matter of a few days, companies showing public interest in NFTs has grown wildly. Microsoft announced Azure Heroes, which actually uses the Enjin blockchain, Nike announced ERC-721 use for tokenizing their sneakers, Binance announced NFT collectibles for the holidays (using 1115, possibly Enjin in the...
Good gap fill, going long with a stop loss below today's lows