Nike longs! Nike (NKE) has surged over 12% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast. Price action has formed an inverse head and shoulders pattern, looking for the price to run back towards $150, as we look to break out of the bearish market structure via the weekly.
Looking at the NKE NIKE options chain, i would buy the $100 strike price Calls with 2022-10-21 expiration date for about $3.45 premium. Looking forward to read your opinion about it.
NKE has perfectly completed cup and handle pattern and has started to go higher. Perfect time to long in my opinion. I have mentioned my entry, stoploss and take profit levels. You can share your thoughts, give suggestion or ask any questions in the comments.
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 ...
$NKE has a very interesting basing pattern and reversal signal, according to weekly Time@Mode analysis here, while being down 40% from the top. A rare juncture, for a very valuable brand. Definitely an interesting setup here for mid to long term trade. Best of luck! Ivan Labrie.
NKE is in downtrend so it seems like a good time to short it. Stoploss is mentioned on the chart which is previous high. I will take entry when it comes a little high and then make first bearish candlestick.
Order SELL NKE NYSE Stop 81.25 LMT 81.25 will be automatically canceled at 20230401 01:00:00 EST NKE weekly bearish hammer stop loss above long day candle.
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...
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
NKE closed in hammer interacting with MA 100. Have to react )))
When 70% of GDP is consumption, You really want to pay attention to retail sales. With 3.4% unemployment, rising rates, and lagging wages there isn't much upside left right now. Do you want to own DDS? Do you Want to own NKE?
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...
- Below all key moving averages. - Still in the channel. + Higher lows on VRSI