NKE 1/12/20225 min Chart analysis
Day trade idea
NKE ranging between 147-150.
Price broke out and pulled back to support. This is my entry.
Entry: 151.70
Stop loss: 149.70
Target: trail 10ema
NKE trade ideas
potential dip entry for a quick swing? ⛸nike sitting above what use to be extreme resistance, the last dump we actually tested the support then bounced.
We could make a higher low based off the last dump and continue higher to 155.8-163.15. Must hold this support though!
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$NKE - At level of interestJan 10. $NKE.
$NKE with a huge gap down today with the market. And it is right on my level of interest. I'm looking for it to either find support here and move back up or go down a bit, retest this level and go for $145 area and below.
If it heads back up from here, I will go long.
Or I will go short if it retests this level in the next few days and falls back down.
NKE Potential Double Top - What's Next?Description
NKE has now rejected the 175 level for the third time, now I am tracking this Descending Triangle consolidation pattern.
This could be a Double-Top pattern in the making, although the Double-Top is notoriously difficult to track, and nearly never confirmed until long after is has finished it's formation.
Evidence indicative of the usual Double Top:
Two tops at approximately the same level, but more than a month apart
Somewhat less activity on the second advance than the first
Dull or irregular, rounding-type of recession between them
It is noted that should a small H&S or descending triangle occur at the second top, long commitments should be protected with a tight stop, or switched to a more promising chart picture.
In NKE's chart,
we see two Tops at approximately the same level (within 3%), and approximately 3 months apart, which is a strong indication that this is not a normal congestion or consolidation pattern.
Slightly more activity can be seen on the second advance than the first, and there is distinctly low activity throughout the entire pattern.
The recession between the tops marks one of the only increases in activity in the entire pattern, taking place perfectly at the last known resistance around 145, and marked with a large gap down following the earnings report on 23SEP.
At the second peak, NKE is currently undergoing some type of consolidation that appears to be a descending triangle with irregular volume.
What, in picture, appears to be a "Descending Triangle" has highly irregular volume throughout and could potentially be portrayed as a Falling Wedge.
The Descending Triangle has bearish implications, while the Falling Wedge has bullish implications.
Although the volume displayed is not conducive to either formation, it could be explained by high volatility in the indexes.
With these things in mind, I believe the best position to put on is a 3-month Straddle.
The options market right now is implying about a 14% move in either direction in the next 3 months, so any expiration beyond 146 or 194 would be profitable in that time period, with the last potential support being at 143 for the downside, and all-time highs to the upside.
I, however, will be putting on a directional play based off of where I think the indexes are heading:
Long Put
Levels on Chart
SL > 175
PT : 150
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
01/07/22 155P
R/R & Breakevens vary on fill.
This put generates a good breakeven in advance of the 145 support if held until expiration.
If you would like me to build the Straddle or build a Strangle, just ask.
The Strangle will create a cheaper position, but push the breakevens further away from the current stock price.
As always, time will tell
Manage Risk
Only invest what you are willing to lose
Short NKE NKE looks to have topped already. pattern i showing a move low. would like to see the trendline and 38 break for confirmation
Not financial advice
$NKE Levels$NKE
Breakout zones:
$166.72
$166.17
Bull PTs:
$166.792
$167.41
$!67.82
$$168.96
Bearish PTs:
$166.47
$164.46
$163.71
$166.47
Bull flag - $35 Potential NKE Run Up. What will be the catalyst?Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do your own DD. What will be the catalyst for this move?
BUY Opportunity Here we have multiple plans as price does not do what we want. It does what it wants. Hence having dual plans can be very beneficial to achieving a trade opportunity.
Nike analysis using volume profile. Where are we heading?Hi everyone,
Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action.
The stock made ATH early November and proceeded to sell off with the broad market in December.
At the day of earnings stock reached 155 level, which is just outside the Value zone .
After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain.
Now the way is up . 177-179 level should be retested soon.
Let me know what you think of this stock.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
Nike post Earnings White lines- weekly channel
Yellow lines - Bearish descending triangle
Before the earnings Nike was completed a bearish that pushed it below its 50 and 100 sma.
tomorrow depending on how hard the market rallies I think Nike will retest that previous support turned resistance where it will then get rejected and head lower to its weekly support around 153.
Some important numbers
50sma - 166.48
100sma - 164.19
In the aftermarket I notice Nike struggling to get over 164 (100sma)..Keep that in mind..
Nike earnings @ 4:15pm todayNike (NKE) earnings are today 12/20 at 4:15pm. Nike (NKE) reported Q1August 2021 earnings of $1.16 per share on revenue of $12.2B. The consensus earnings estimate was $1.12 per share on revenue of $12.5B. The company said during its conference call it expects Q2 revenue of approximately $10.96B to $11.24B. While the talking heads on TV are hyperventilating about the Turkish Lira in the FX market, supply chain concerns over Omicron, ECB & FOMC 2022 rate hikes & senate build back better gridlock, I will be looking for a long position in NKE this week. I think the biggest downside risk is what Nike says in it's conference call about supply chain concerns and how that may impact it's Q3 guidance. NKE has had an earnings beat the past five quarters in a row, so that's a positive trend.
Q2 November 2021 Consensus:
EPS = $.63
Revenue = $11.25B
P/E = 42.86
Div/yld = .682
52 week H = $179.10
52 week L = $125.44
Price levels 1 day chart:
EMA200 = $153.99
EMA150 = $158.14
EMA100 =$162.31
EMA50 =$166.22
breakout = $180.51
R3 = $177.12
R2 = $173.78
R1 = $170.43
pivot = $167.09
S1 = $163.75
S2 = $160.41
S3 = $157.07
breakdown = $153.73
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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NKE Short to 61.8 Retracement. NKE tried to consolidate and break higher but has since failed. Consolidation broke to the downside and retested the support on a long wick. I believe this trade is short as long as we are below 166. The target to the downside is the 61.8 retracement level at about 158.
Just Dump It.As title says Just Dump It, this is the new 2022 rebrand for Nike, shareholders will go from wearing Nike shoes to socks really fast.
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A simple iteration It is based on its static and dynamic support ,and due to the relative support from buyers ,it is likely to grow up to the resistance range.
Nike: Breakout is Imminent!!!Hey guys, this is my first ever video tutorial and it's going to be on ticker NKE.
NOTE:
I apologize but I forgot to mention a stop loss (Very important!). In regard to placing a stop loss (which you should ALWAYS be doing) we will be using the average true range and swing high or low. We will want to place our stop loss at 1 ATR above/below the swing low/high when taking a short/long (Respectively).
Please leave a like and some comments on what you would want to see in the future. If enough of you like the content, I will continue to make videos for you guys and gals :)
$NKE - Intricate Weekly Trading PlanHey all! Just gonna get right into it.
Dips at 166.62 should be bought. Dips at 164.75 should REALLY be bought. Very high chance we bounce at both of those levels and capture a clean 6.5% move intraweek.
A break of 173.35 will likely lead us to 175, and then ATHs. I'm less confident in trading this break simply due to the formation of lower highs. I'm afraid the break will get stopped in its tracks.
A loss of 164.75 will be violent, so have your stops set. If we lose 164.75 look to swap to puts FAST. Not too sure where the bottom will be on this one.
GLHF everyone!
Flagging on the Daily- BullishNKE looking interesting here sitting right on its 20-day EMA, falling wedge on the 4-hour and hourly timeframes along with what appears to be a big ascending triangle forming. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Certainly a longer-term play, however, bullish and looking for a breakout from this flag
- Flagging on the Daily & 4-Hour Timeframes
- Sitting on its 20-day EMA
- Seemingly Going to Reclaim the 20-Day SMA (Not Pictured)
- Ascending Triangle Forming (Not Pictured)
- Falling Wedge on the Hourly Timeframe (See Attached Chart Below)
- Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below)
PT1- $169.91
PT2- $170.98
PT3- $172.39
PT4- $173.18 +
-Hourly Timeframe-
NIKE ANALYSISNike's chart has potential to going up because it could be make double bottom and market look recovery. my target at $177.5 stoploss at $167 if my prediction false.
keep use money management.
Disclaimer : Not recommendation just private analysis
V BottomNot exactly a Cup because it is not rounded at the bottom.
A V bottom comes to a point at it's bottom. Often the left and right side of the V almost mirror each other.
There are 2 pocket pivots close by the support line (green triangle).
This is not to long entry level yet.
There was an ABC bullish pattern but appears a rising wedge interrupted it's progress, plus an unfriendly market as of late.
Short interest is .64% which is low and Negative volume is high showing interest. If this is finished falling from the rising wedge that formed, then this may hit long entry level. I do see a possible crooked M trying to form over the green dashed support level that may interfere if this falls below that support level. It is often best to wait for long entry level unless you are already in a security when a pattern forms.
No recommendation
Chart patterns represent human emotions, and human emotions change, constantly (O:
