Nike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 ...
Adidas is another company confirming what we laid out some time ago - a trouble brewing during the current earning season, supporting our notion about the stock market progressing in the second stage of the downtrend. That being said, the company reported its quarterly earnings, after which the stock fell approximately 10%. The report highlighted deteriorating...
Friday, 21 October 2022 23:50 PM (WIB) NIKE has lifetime contract agreements with Michael Jordan and Cristiano Ronaldo. I would prefer to join the trade as a bull when the price reaches the ascending support lines around $61
still nothing is clear, it is not a flag, maybe it will be a pennant or a triangle in the future, for now I look, but I am very interested in entering because the targets could be 78 and 70 support 90 is seriously in trouble the volumes of September 30 could confirm a break-away Gap
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This is my POV for Nike and the level I plan to enter at unless some major news comes out or an economic event that could shift my bias.
Nike, Inc. is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. The company has a great history and is one of the most recognizable brands in the world. Since the price reached an all-time high in November 2021 the stock tumbled more than 50 % Possible short-term buy in the price channel. Re-test of the...
Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation. Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game...
Nike (ticker: NKE) shows incomplete bearish sequence from the all-time high 11.5.2021 high as well as from 3.30.2022 high. The ideal and minimum target for this bearish sequence is around 77. The right side therefore remains to the downside and rally should fail in 3, 7, or 11 swing. Near term, the Elliott Wave view on Nike (NKE) suggests that cycle from...
I'm not a stock trader but when I see a stock at an overbought or oversold price, I just can't resist the temptation to analyze and if possible, catch some few pips in. Nike has been on a solid downtrend since December of last year, 2021, we are currently seeing prize at a major support level which was tested in May 2020, we may see two things happen at this...
Hello traders, Just pointing out a quick simple observation that Nike is at a pivotal point of a 30 year incline. Whether it breaks or not we shall see but, expect a bounce at least from here. Have a Green Day! Savvy
Strong consumer demand has been the main source of confidence in the world's largest economy in the post-pandemic environment. Even as the Federal Reserve embarked on its most aggressive monetary tightening cycle in decades, many economists argued that a soft landing was still possible, given significant pent-up demand for consumer goods such as shoes, clothing...
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook of NIKE! NIKE has broken out of Ascending Broadening Wedge. Furthermore, The MACD indicator created a Death cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/Resistance...
Green line shows the dominant bullish trend, this extends back for awhile White line shows apparent downtrend, with a nice falling wedge to allow for the breakout to the upside and hence continuation I expect price short term to rise back to dotted orange line, this is shown with bars pattern
The downtrend for Nike Inc seems to be over. The American sportswear company got huge support at the $ 100 price level. The 1st,2nd, and 3rd resistance levels are located respectively at $ 118, $ 130, and $ 140 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any...
Looks like we may be entering into a corrective state of market structure. We have recently finished our second 5 wave impulse being that we are on a downtrend currently. We have been dealing with a bearish rally filled with good news from the media while there are still battles ongoing with rumors of war, inflation , supply chain issues etc. I could keep going...
A beautiful, very strong and powerful climb as he penetrated the good price channel and in case of closing it over it we can see it at the specific viewing area that is considered a target