Possible double bottom here forming around the level 2 fib. Use a stoploss please. *this is not financial advice*
Multi-year Channel Breaking key area at $120 last time this broke we were in a recession and then Covid hit. A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be different? Do we need a recession for stocks to drop? I will answer these questions in the next video.
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 $2 billion over the next three years. The second phase of layoffs is expected to commence by the end...
Nike has broken the visible downtrend and closed above it. This could still drop like a rock, but I'm long a 1/3 position here.
The stock is moving in a descending channel. In recent days, the stock is producing an invert head and shoulders pattern. The stock is trying to get back above the 20MA. Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close. targets on the chart. 1sttarget: 100.00 2nd target: 110.00 3rd...
NYSE:NKE I posted on March 31 that Nike R/R looks attractive. Since then Nike chart showed resilience come back that defied recent interest rate worries and geopolitics. The oscillators are also turning up signaling sentiment change. If it can break out of that descending wedge, it can run further to the upside. The price targets from Mar 31 post...
Reasons for bullish bias: - Price bounced from support - Strong weekly bullish candle closing at Support - Bullish divergence Entry Level(CMP): 92.85 Stop Loss Level: 87.79 Take Profit Level 1: 97.91 Take Profit Level 2: 104.59 Take Profit Level 3: Open
NYSE:NKE is breaking down under a MAJOR multi-YEAR trendline (white) extending all the way from late 2017. This trendline was support and is now resistance. This week, NKE bounced off September 2023 lows and is now the rising white trendline which is acting as resistance. Bearish setup - if NKE continues to break down the first level of support is at 88.66...
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$NIKE - interesting Trade. COVID pump 2x drop 50%. Still another 30% till COVID lows and 18.5% upside pre covid. NIKE is one of those names who wont vanish for another 50-100 years. It's the legacy US brand. Even a 3yr old can spot the Logo. Definitely in range for long term traders for DCA'ing this from here
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...
189 days I waited for Gap Hesse to close in order to enter. Now all I have to do is enjoy NYSE:NKE
long position on nike , although I realize that opening a position in the middle of a triangle is not at all ideal, I could dare to anticipate a head and shoulder pattern with a target close to the maximums, obviously the uncertain situation on interest rates could influence the trend. In any case, I believe that Nike is undervalued and it doesn't seem like a...
I'm long $NKE. Breaking some key down trends. Looks like as good a time as any to get long. Here we go, I guess.
NYSE:NKE Nike looks attractive to me as it has revisited the lower trendline. There is a risk that it could fall to $87. However, considering the risk/reward ratio, the odds favor an upward movement from here. Upside targets: $97 $104 $110 $116 Risk: $87
Nike is getting close to the apex of a 4-year triangle pattern (where price inevitably breaks one way or the other). For now, I'm just watching for a certain setup to potentially trade on. If it breaks down out of the triangle (which it is currently threatening), it may find support around the 200-mo. EMA, which would be a better price to start a position. That...
Look at it, its beautiful. It should continue to range within the wedge and we are currently at the bottom. Some 6 month out calls should do really really well as well as some LEAPS. Buy buy buy buy!
Hello Traders, We’ve spotted an interesting pattern forming on the chart of Nike (NKE). A triangle formation has emerged, and we’re currently sitting on the bottom line of this pattern. This could be a critical juncture for Nike’s price action. If the price bounces upwards from here, we have identified a few target points and key resistance levels based on...