NKE slam dunk to 58+ or flush to 47-45NKE will it when gold or fall hard into last place?Shortby LanceAdamIppolito3
Sep 26 Earnings: Nike - Reversal in PlayAfter several lackluster quarters on behalf of soft North American sales, the company's strategic efforts have regrew sales potential. Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth. I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance. I have a $58 to $60 PT for the post earnings move, lasting 30-60 days. Longby TraderDanER4
nike may goes bad in futureI draw a red circle to exam if the price could break the line; however, it didn't. The price is waiting for a strong buying in present position. 9.29 is the starting day of contract between NKE and NBA. Let's see what will be going on . if nike colud not break my slop resistant (blue) line, it has a big opportunity going down. On the other hand, sneaker game is totally change. Multiple color retro product will destroy AIR JORDAN situation. High-pay sponsorship with athletes is no longer working will; sneaker sale will be more close to fashion. an absolute example is the cancellation of 2017 all star line. by jichen77772
$NKE long term buy zone.. have to wait!this is long term buy zone, it might take years to get to the price. Price is around 50% Fib numbers. lets wait and see!Longby Protrader342
if trade NKE, whatch out the blue line with red circle.NKE seems has arrived at an bear or bull position which means trader should watch out if having position. otherwise, if you want make some money, see my analysis. if go bull, set a position closing at the blue line with red circle, and set a S/L near my red arrow, it would make a tiny lose, T/P at 60. However, if price is going down turn, it will be a very bear. by jichen77774
NKE 1H longNKE dropped far below the EMA200 and might start to recover. There are a lot of bullish divergences, so price might start to climb soon. RSI was oversold and is rising now.Longby TradingClue1
NKE 1H shortNKE is in an uptrend (EMA200 rising on the 1H chart) but there are multiple bearish jeddingen divergences (price vs. momentum), MACD crossed the signal-line and RSI is recovering from overbought levels - all these are indications that the price might fall a bit, before it's rising again. Profit target is $58.83 (around the weekly pivot)Shortby TradingClueUpdated 5
NIKE BUYING THE DIPI have read alot of good things about Nike and its been on my watchlist again since the last earnings report. I saw alot of people recommending to buy it around 60$ but in my view it was simply too expensive up there. Now that we got this gap lower, in reaction to bad foot locker earnings i am using this dip to buy Nike with a tight stop below the last swing low. I recommend reading this piece, it puts it quite well: Investorplace Article about Nike Anyway when technicals and fundamentals come together like this, for me this becomes a conviction buy, but never without a stop. Now to the technicals: Main trend is obviously to the upside, and then market entered into this big consolidation period, and now in my view it is more clear to see that we are forming a big bottom pattern, that might resolve to the upside. There is also a potential S-H-S pattern setting up. Targets would be around 60$, 65$ and finally 70$ but this is of course more longterm. Shortterm i am seeing 60$ area as strong resistance, that bulls need to take out for a move into 65$. Imho moves below 51$ would invalidate this trading idea, so as always trade with care and don't fall in love with a position, but stay rational and trade your plan. BlessingsLongby IamJeanPaulUpdated 3
LONG NKETechnical: - Price pushing off of resistance turned support - Break and successful retest of downward trend line - Tweezer bottom (bullish reversal) candlestick pattern - Price structure transitioning from bearish trending (HL/LL's) to bullish trending (HH/LH's) - 50 > 200 EMA - MACD is on the verge of crossing over in a bullish manner - 2 to 1 risk/reward on the trade up as measured from current price to the last swing high Fundamental: - Consistent earnings & revenue growth - Future growth is expected to be positive Longby symmetryfx2
BO watchMine pink and kiwi, you couldn't get this color if you had a personal genieLongby JackyCharts1
NKE - setting up for the next runNKE holding nicely just below resistance. Volume declining, range getting tighter. I would take a first position here to a tat lower. S/L on break of the low of $56.80. Good Risk / REWARD for a long tradeLongby micio2