NKE Bearish channel; inside week from Dec 5 to 9, and then outside week from Dec 12 to 16. Today (Dec 19) it broke below last week's low ... this is now the third week in a row of lower-lows.
Is it possible that it rallies and goes for a second outside week?
Anything is possible, but it is also up against the bearish channel on the upside. There is very little...
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.
This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of...
Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was...
Supply Chain issues.
Factory closes in Vietnam due to Covid-19.
Analysts are expected for the company to lower the sales guidance because of this.
Considering the head and shoulders bearish chart pattern, my price target is 140usd.
Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target...
