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
- 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
Watch this analysis carefully and then think logically and then agree with me. Missing an entry means nothing. If you know how to trade you can fin multiple trades. Don't forget to follow me here on trading view.
This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs. All other information is on the chart.
On the hour chart the trend started on June 1 (linear regression channel). There is a high probability of profit. A possible take profit level is 111.70 But do not forget about SL = 102.72 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
Nike - 30d expiry - We look to Buy a break of 109.31 (stop at 105.31) The primary trend remains bullish. This is currently an actively traded stock. The stock is expected to outperform in its sector. We are trading at oversold extremes. Prices have reacted from 102.90. The bias is to break to the upside. Our profit targets will be 119.31 and 121.31...
NKE is reacting from the origin of proper Monthly demand zone and now it has formed a Bullish Harami candlestick pattern. I dont follow these patterns but when they are formed at right levels they do work.
I posted a chart with video analysis last week and a lot of people have been asking me to post NKE analysis so here I am with the analysis.
Price is inside a proper origin DZ and this is an option trade level with proper SL.
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.
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...
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
- Below all key moving averages. - Still in the channel. + Higher lows on VRSI
Just an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend...
Welcome to our Weekly V2-Trade Setup ( NKE ) ! - 4 HOUR Bullish closure. DAILY Nice price action in most timeframes. WEEKLY Expecting more bullish pa - STOCK SETUP BUY NKE ENTRY LEVEL @ 158.24 SL @ 149.98 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free...
Nike looking bullish. Careful for retracements. TP1: $160 - $166 TP2: $173 - $181