Nike, the world's leading sportswear manufacturer, has announced its plans to lay off around 740 employees at its global headquarters in Oregon. This move aligns with the company's cost-cutting strategy, which was disclosed in December 2023, with the aim of saving $2 billion over the next three years. The second phase of layoffs is expected to commence by the end...
The stock is moving in a descending channel.
In recent days, the stock is producing an invert head and shoulders pattern.
The stock is trying to get back above the 20MA.
Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close.
targets on the chart.
1sttarget: 100.00
2nd target: 110.00
3rd...
Reasons for bullish bias:
- Price bounced from support
- Strong weekly bullish candle closing at Support
- Bullish divergence
Entry Level(CMP): 92.85
Stop Loss Level: 87.79
Take Profit Level 1: 97.91
Take Profit Level 2: 104.59
Take Profit Level 3: Open
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term.
Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of...
www.msn.com [/url ]
FL is here on a 30 -minute chart. It fell badly after good earnings 3 weeks ago and has been
resting in a narrow range for about half of that. A volatility squeeze released and some price
action with corresponding increase in relative volume resulted. FL has about 50% upside to
the price level before the last earnings. i am expecting a...
Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone...
It's not gambling... They pay a dividend, China is back, ... interesting growth potential...
Earnings are forecast to grow 11.04% per year
Correction: I've just...
Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community.
The...
Lululemon is gapping down on earnings despite a double beat.
Nike is gapping down on earnings.
A trend is showing weakness in these consumer discretionary based stocks.
There will be many sympathy plays in the retail space.
Watch XRT tomorrow.
If you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE:
Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $10.35.
If these options prove to be profitable...
Earnings are forecast to grow 10.98% per year
Analysts in good agreement that stock price will rise by 20%
China is regaining its strength... this should help Nike's sales.
Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk...
Hello freinds
this chart we shows that this market will know a DOWN TREND on next days when i recommend SELLING
if you want more informayions please show the chart
good luck
Nike topped Wall Street estimates for first quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures, sending its shares up about 8% in extended trading.
Nike (NKE) is the largest apparel company in the world, with leading positions across different categories and regions. The...
Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong round number 100.0
🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take...
Sports apparel giant Nike ( NYSE:NKE ) is set to deepen its foray into the video game space through its blockchain and digital wearables division, .Swoosh. The company's recent announcement promises a new line of virtual products known as "Nike In-Game Wearables," which users can directly purchase and wear within their favorite video games. Despite the excitement...
- Price has bounced back from strong weekly support
- Fib retracement from 0.618 level
- No divergence
- Good buy opportunity
EP: 106.07
SL: 100.92
TP1: 111.22
TP2: 121.00
Nike is almost oversold on the 1D technical outlook (RSI = 33.787, MACD = -2.530, ADX = 53.733) and is trading sideways inside the P1 Zone, which is the Pivot Band that has started several rebounds inside this 1 year Triangle pattern. This isn't an automatic buy for us yet, we need to see the price crossing over the 1D MA50 before buying and aim at the LH...
