NKEWas asked to look at $NKE Inside day - Cloud top support on daily. Support levels: 66.74/65.66 Resistance levels: 67.69/68.03/68.64by DarkHorseTradingAcademy222
NKE is still good to buy, but face challenge Yesterday's non-farm rate has a little worry about exception of the future consumption. Feb trade balance is not turning better but much worse even under the weaker USD. Trade war isn't effect the company like nike and apple which has a big market in China. As an investor, we should keep claim and find opportunity during this huge move in the market. NKE has a lot room to go up, but need to careful to protect our assets as first goal now. I guess the market like nike's perform in oversea market. the price should be touch 70. Additional information i would like to present here is the price of nike's products is much higher then 7 years ago, however, the power of teenage consumption is stronger then 7 years ago. However i guess it probably reach the top which means it probably turns to recession soon. An example is 80's 90's generation face higher life cost comparing with North america, but some or lower salary which is 2000 USD pre month. So those people usually don't have saving on bank account need to be supported by parents or credit card or other loan from financial institution. it is a big problem. Nike has an advantage here is NIKE is going to escape business of running direct retail store which like NIKE town in USA, they gave is risk to their local retail partners and online shop partners. This is very smart decision. retail partners has problems include higher rent fees which is higher operational cost, so they could not give more discount like online partners which has lower operation cost and lower cashflows requirement. Based on this, NIKE keeps to explore their demand with low risk in present economic environment. Additionally nike also do not run a direct outlet store in China, i guess the reason is higher and higher labour cost and very strong competition from online retail for example, war of low price. Nike's products is more competitive in China comparing the local brand, Adidas and Lining are the major competitors in Chinese market. more and more chinese people choose do exercise to relief their pressure. Nike's products are their first choice. Remember, NIKE'S PRCE IS HIGHER comparing in North America even they are in promotion. Conclusion: Nike is much easier to explore market share in China, but the big challenge is staring to appear in Chinese market. I hope this information can help you by jichen77773
NIKE (NKE)Breaking through historical resistance lines. Potential upside if breaks through 69.00. It is approaching this quite fast even with market choppiness and there has been some high recent volume.Longby Mabs-Khan1
Nike H&SDeclining MACD, EMA cross, Ichimoku cloud looks bearish... Think Nike could be headed for a rough couple months.Shortby zachwill1
NKE will be a bear in neutral its not good for small capital trader, need to wait the chart touch the green support line and short. by jichen77771
NKE- Short Until $60Cypher pattern & earnings scheduled for next week.... says short/bear until $60. Trust price action & your eyes!! Happy Trading.Shortby Anbat0
Nike ideaDivergence may be done correcting already but this idea could still be validShortby steaksndwch2
Now should I jump on the bandwagon or still tood late?Nike has been a sensational investment because it is phenomenal brand with high-quality products led by a skilled management team. However, it is not a moat-wide company, being under pressure and up against competition like ADIDAS. However, despite declining growth rates and margin prospects the stock has jumped from 52USD to 66USD. Based on the concept of relative strength according to Levy the stock is not ranked in the S&P 500 amongst the top 100 securities (with a RSL value of 1.01). You can see that the stock has lately left the trend channel, but at once reversed back, meaning that a new chart pattern is supposed to be built The most tangible problem for NIKE would be Trump's trade war offensive if Chinese suppliers in close relation to America brands were affected by import tariffs. Chinese manufactures are part of the global supply chain sourcing clothes for retailers, and so Nike will indeed face ripple effects. Nike is a very solid investment, which accounts for the high stock price reflecting the company goodwill. Company value: B Growth/'EPS' surprise: C Momentum: B Risk: B Overall: B Looks great, yes. Be aware that current choppy market sentiment is driving stocks up and down on weekly basis. I am going to wait for a clearer signal and crossings for all my indicators. *Investments can go up as well as down and involve the risk of loss. Past performance will not necessarily be repeated in the future."Longby JaDeVin110
NKE BreakoutLooking to take the retest from today's Bullish Retest Gap through 2016 previous resistance. NKE could be a scorcher here... Longby YMI1
Long term trade on NIKEI entered NIKE on 55 USD - looking to exit at about 75, entry and exit is mostly on tecnical analyze, with the potential for growth with the new factory they setup back in last Quarter. the full potential should see to blossom around the middle of 2018, but if it hits 75 before that I'll exit my position.Longby granitehandchinkys1
Nike as light as air ...Nike moves and moves strong, not only new products but also an excellent strategy behind it seems to be enough reason for investors to turn to see them. It is very likely that will return to re-test his support and continue the ascent, however i going to keepan eye at the R&S level. Will Nike have enough to beat its competitors especially Adidas? Will see... Best wishes to all!!by normstock112
Potential Double TopHi guys. We have a potential entry set up in NKE. This is still very premature to short but it's worth adding this stock to our watch list. A strong breakout will be a reason for a long position but please notice the strong divergence which will favor a humble short set up. Thank you very much indeed. Shortby UnknownUnicorn2141791Updated 2
#NKE #Long #stock #doublebottomNKE has formed a double bottom. NKE looks like it has found its way. MACD cross and decent OBV recovery on the lower timeframe charts. I expect this to hit somewhere around $82Longby The_Patterns_Guy221
NKE Swoosh!A clear breakout to new highs from a month or so long trading range. Just following the money. Long here with ATM Feb callsLongby rsct20012