Hello Traders, NKE short-term Elliott wave analysis suggests that the pullback to $78.78 low ended red wave 2 pullback. Up from there, it ended red wave 3 at 09/21 peak (86.26). The Internals structure unfolded as a 5 waves Elliott Wave structure with a extend wave ((iii)). It ended black wave ((i)) at 09/04 peak (81), wave ((ii)) pullback at 09/05 low (78.78)....
Nike will go down by approximately 3.5% today after quarter earnings. Wait until de drop is over which might take a few days. After it bounces back up at the 82.30 level, good opportunities will arrive and Nike has the space to go up and reach its ATH. The RSI is quite high. I except it to drop today so the price will go lower and you can take the rideee.
Unless it breaks above this wedge really hard, I'd stay short from here on out. No amount of fluff news pieces about how online sales have soared since the controversial NIKE add came out can hide the truth that this stock is technically hosed.
Wicked H&S forming, bulls struggling to break previous support $82.5 level, now tough resistance
Last post: September 6th. See chart . Review: Price had pulled back below the support level. Update: Price is now back above the support level and making new highs again and is up 395 points. Conclusion: We will be looking for long opportunities when we see another breakout. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Rising wedge bearish pattern Bearish divergence on the weekly! __________ Now is a good time to apply the principle. Sell High. Trade set-up placed. SL 5% A break in parabolic bull trend should retrace to 200SMA Safe trading!
Amazon bends at the knees as it prepares for another 3 pointer! With the RSI cooling off and a nice healthy pull back to the April 18th Trend line, we are watching a nice healthy power play in the making. I see amazon shooting an absolute bucket with an easy 10% gain into 2100 territory. SWISH, once capitalized at 2100; plan to wait for another rebound off the...
Nike... are the really "feeling the pain"?
This stock is featuring for the first time on our TradingView blogs. Current setup: Beneath the previous support level but above the 50 simple moving average and the $80 round number. Conclusion: Wait for a breakout above the previous high before attempting to go long. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
Not my cup of tea. Where is the profitability?
$NKE A new support is moving this long time trending stock up
After consolidating for a month after a big earnings beat Nike looks poised to breakout out of the bull flag.
With second earnings this year coming up on Thursday and a market cap of $118.35 billion, Nike is expected to have revenue over a $9 billion, last time they managed that was in September 2017. The company had exceeded expectations for several quarters now. On a technical side, the price tested level 76 for two days but got rejected from the overbought area. Now...
Artificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Nike Inc ( NKE ) have been plotted on the chart. The method used in this prediction is Deep Learning/Artificial Neural Network based, and using complex mathematical models/methodologies to analyze and extract hidden time series features in vast amounts of NKE related data. The...
We enter the breakdown, the levels will be fixed later, now it is the edge of the ascending Pitchfork Andrews
BTC can develop to be both: Nike or Adidas. Let's wait for BTC to chose!