Nike, The largest rising wedge you have ever seen?Nike is about to break down from an enormous rising wedge. Just take a step back and look at the growth of the stock market from 2008, a recession is in the works, and it will not be pretty. Good luck trading -Trader AShortby demoxbtUpdated 4417
NIKE: EXPANDING TRIANGLE FOR ONE MORE DOWN?Nike seems in the middle of a correction. Looking to the previous gap up it could be going for the completion of an expanding triangle. If it fails on the break of the upper trendline i'm expecting one more wave down. Shortby cantestogo1
NKE: Earnings Out of Season, Topping with Strong SupportNike, the icon of footwear, reports today out of season which is not a good sign for earnings. The stock is not being traded heavily pre market, however, so the retail crowd appears to not know about this earnings report yet. The stock has already hit an extreme deviated peak in its business cycle after a fast-paced speculative run out of its prior bottom formed in 2016-2017. This stock is more fortunate than others. It has strong support close to its current price. The Cycle indicator has headed down to the center line and the stock should trough sooner than later. This is a weekly chart so you can see the support level easily. This stock is not a good candidate for a sell short due to this support. by MarthaStokesCMT-TechniTrader1
NKE H&SNKE looks weak in today's rally, earning coming up tomorrow after close. Apparel has not done well this earnings season, declining margins. NKE is no exception. Revenue increase has primarily been overseas, and the Chinese economy has taken a hit this fall. Going over the numbers, P/E ratio is over 25 (adjusting for the big tax hit), dividends 1.75%. Overvalued regardless of this earnings, expect this to wind up in the low $60's after earnings. If you want a cheaper play than NKE puts, try UAA or XRT. You can even do a vertical spread tomorrow afternoon on weekly puts on either one to limit your exposure. If NKE goes down, I expect the whole sector to go down on Friday. Both UAA and XRT have room to drop to next support.Shortby hungry_hippoUpdated 1
90 days negotiationTariff negotiation gives way to an upside until Q4. Just do it. It's December anyway. PT new 52wk highs.Longby UnknownUnicorn2993086Updated 2
Nike Short (Daily)Stoch RSI well oversold, looking to bearish cross Reached .5 fib retracement as well as near top of bband Volume not convincing, but not "bad" either Expecting slight move upward to ~$79 before retracement to ~$75, and possibly further down to bullish OB @~$72.50Shortby proofofjayUpdated 2
Selling NIKE sharesOn the daily chart of Nike shares a bearish signal was formed - "Saucer" (beginning of the red zone one the AO indicator). Also, according to Elliott waves structure, the 5th wave should complete the current bearish trend. Going short in case of yesterday`s low breakdown.Shortby AlexStanilevych1
Nike short on retracement pullbackLong rising trend line broken Sellshort on pullback at 61.8% retracementShortby YannickLegendre3
Trend Indicator on NIKEIn the chart of NIKE , in a one hour time frame, we can see that the bearish trend line has been broken and a good sign of that is that prices broke the moving average of 50 , so we can expect a change in trend.by Santiagooduran3
Nike Inc - Daily - Just "Sell" It ?Trade Alert It not be too late yet to catch a bit of that downside move. The stock has now shifted below the 200 EMA, which could be seen as bearish sign, at least in the near term. Also, the share price keeps forming lower highs, which is also not supporting the bullish scenario for now. Please review the chart for the potential target levels. Always have your SL in place. Shortby JFD_Research1
Bearish gap fill then bounce for Nike (NKE) stock?Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal. Let me know what you think in the comments. Like this idea if you agree.by James_WinsoarUpdated 0
Trade IdeaTrade Idea is Nike (Long Position) Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium Entry is 76.38 Initial Target is 78.80 Second target is 81.46 Stop is 73.58 Longby padedayoUpdated 3
Look out for bearish breakout with Nike stockNike stock could break bearish in the near future.Shortby James_WinsoarUpdated 0
Nike hit bottom and signaled an uptrend.Nike 2 days ago hit bottom and signaled that the downtrend was over. Today, since the opening, flew from $79 to $81.3 Entry: $80.15 Exit: $ 81.15 Return: 1.3% Longby DuriusUpdated 2
NKE 1YR Support TestGood R/R setup with the long term uptrend support line. Currently 7.5% below ATH. by RampCapitalLLC5
Nike Elliott Wave View: Further Upside Expected.Hello Traders, NKE short-term Elliott wave analysis suggests that the pullback to $78.78 low ended red wave 2 pullback. Up from there, it ended red wave 3 at 09/21 peak (86.26). The Internals structure unfolded as a 5 waves Elliott Wave structure with a extend wave ((iii)). It ended black wave ((i)) at 09/04 peak (81), wave ((ii)) pullback at 09/05 low (78.78). Above from there, it ended the extended wave ((iii)) at 09/19 peak (86.09). Below from there it ended black wave ((iv)) pullback at 09/19 peak (84.40) and above from there it ended black wave ((v)) of red wave 3 at 09/21 peak (86.28). Down from there, we are calling red wave 4 pullback complete at 09/25 low (80.69). The internals of that pullback unfolded as an Elliott Wave ZigZag structure which ended black wave ((a)) at 09/24 low (84.15), black wave ((b)) pullback at 09/25 peak (85.24). Below from there, it ended black wave ((c)) of red wave 4 at 09/25 (80.69). As long as the pivot at 78.78 stays intact we expect NKE to extend higher and we don’t like selling it because the right side is to the upside. Longby Elliottwave-Forecast5