Double Bottom forming?Possible double bottom here forming around the level 2 fib.
Use a stoploss please.
*this is not financial advice*
NKE trade ideas
Nike Set To Lay off 740 Employees at Oregon HeadquartersNike, 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 of June 2025, as the company looks to scale back on specific franchises amidst an uncertain demand scenario.
In compliance with the legal obligation, Michele Adams, Nike's Vice President for People Solutions, has notified the state authorities that the second phase of layoffs would begin at the company's headquarters. Earlier in February, Nike had indicated that it would cut around 2% of its total workforce, which equates to over 1,600 roles. As of May 31, 2023, the company had around 83,700 employees.
Despite the announcement, Nike's shares rose marginally in after-hours trading, although they have declined by nearly 13% this year. Several companies in the U.S. and Canada have announced new rounds of layoffs to curb costs in the face of an uncertain demand environment.
In March, Nike warned that its revenues in the first half of fiscal 2025 would shrink by a low-single-digit percentage. The company's decision to downsize its workforce is part of its strategy to rein in costs, as it navigates through a challenging business environment.
NKE 93.39The 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 target: 120.00-122.00
$NKE - Showing resilienceNYSE: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 unchanged.
Upside targets:
$97
$104
$110
$116
Risk:
$87
$NKE bulls are in dangerNYSE: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 which is the September 2023. Interesting, flow indicates traders bought short-term and medium-term $90, $91, and $92 puts. The next major level is October 2022 lows at 82.50. Indeed, flow indicates that $168,265 worth of October 2024 puts were bought on April 10th, 2024.
Bullish setup - if NKE can reclaim the rising white trendline and base above it this would be bullish and signal a false breakdown. If this occurs, the primary target is gap fill of the March 2024 earnings gap down at ~$100.79. Indeed, on Friday April 12th, a trader sold at bid $1.31M worth of April 19th, 2024 puts. Another trader bought $61,500 worth of September 100 calls. Weekly RSI and Williams %R are extremely oversold suggesting NYSE:NKE has the potential to rally if it reclaims the rising white trendline.
Looking Bullish IMMEDIETELY on Nike!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$NIKE - Long$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 - Just Buy It!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 US$46 billion in its fiscal year 2022.
In other words, its very unlikely that Nike will go bust and so any dips should be seen as a buying opportunity.
Our first point of interest is the structure level at 80. Ideally we break below that in accordance Elliott Wave Theory. We want to see wave C go below wave B.
Our ideal buy zone is the 60 level where we have the -27 fib extension. Once we come towards that region, we'll be looking for any bullish price action indicating a reversal and the start of the next massive bullish leg. If we go even lower than 60, then it's more of a reason to buy and load up!
We're looking for targets of atleast 200% as first targets. This trade is one to hold for the long term.
What do you guys think?
Goodluck and as always, trade safe@
nike long idealong 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 risky purchase to me on the long run .
Triangle Formation on Nike’s Chart: Potential Upside TargetsHello 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 Fibonacci retracements. Here they are:
First Target: $112.60
Second Target: $137.56
Third Target: $167.69
I added a few potential trades that both have a risk factor of 3.
NKE I AM BULLISH !!!!! even after earnings... Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone...
It's not gambling... They pay a dividend, China is back, ... interesting growth potential...
Earnings are forecast to grow 11.04% per year
Correction: I've just been informed that some purchases will be made next week... not today... NYSE:NKE
Nike Faces Stock Tumble Despite Earnings Triumph 📉Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community.
The Numbers:
Nike's third-quarter revenue climbed to $12.43 billion, surpassing analysts' projections, accompanied by an earnings per share of 77 cents. However, the elation was short-lived as the company forewarned of a low single-digit decline in revenue for the first half of fiscal 2025.
Reasons Behind the Decline:
Chief Financial Officer Matthew Friend attributed the anticipated revenue dip to the company's strategic shift in its product portfolio towards innovation. This pivot, while essential for long-term growth, poses short-term challenges, particularly amidst a subdued economic landscape globally.
Global Market Dynamics:
Nike's performance across different regions depicted a mixed picture. While revenue in Greater China showed a modest increase, the EMEA segment witnessed a decline, reflecting the complexities of navigating diverse market conditions.
Olympic Hopes:
With the upcoming Summer Olympic Games on the horizon, Nike is banking on several product launches and marketing endeavors to captivate consumers. The event presents a pivotal opportunity for the brand to showcase its latest innovations and amplify its brand storytelling.
Strategic Adjustments:
Nike ( NYSE:NKE ) is taking proactive measures to align its product offerings with evolving consumer preferences. This includes reducing the supply of classic footwear models in favor of newer, innovative products that resonate better with modern consumers.
Investor Reaction:
Despite the positive earnings report, Nike's stock experienced a significant drop in after-hours trading, signaling investor concerns about the company's near-term revenue outlook. The stock plummeted to its lowest levels since last October, reflecting the apprehension in the market.
Outlook:
Nike navigates through short-term headwinds, its focus remains on driving innovation and capturing market opportunities. The success of its strategic initiatives, coupled with the buzz surrounding the Summer Olympics, will be closely monitored by investors in the coming months.
In conclusion, while Nike's earnings beat underscores its fundamental strength, the stock's post-earnings dip underscores the challenges ahead as the company charts its course in a dynamic marketplace.
NKE dumped after earnings, what next?Analyzing NKE I find that the long term downtrend is still not managing to reverse, but is showing some signs.
Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22.
If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the long term, and will dump further and further, until we print a real weekly div.
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1.
If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1.
Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
NKE NIKE Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE:
Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $10.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S&P 500 Falls + Nike Price Target DropsThis is probably not a good time to buy a stock because SP:SPX
is falling down in performance.
--
Sadly am seeing many people in the trading community entering trades
late into the market open on intraday trading strategies on which
I have no experience in.
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This type of mindset leads you to buy from the top in a bag holding
stance or best case scenario a sideways market which is the worst feeling
ever.
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I don't like buying flat markets without a catalyst because the catalyst
causes the price to move.
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Nike Price Target Drops To $125
According to the breaking news tab right here on Trading View you will see that
analyst from Citi Group is suggesting a drop in price target from
$135 to $125
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This is a heavy bearish sentiment which is very much in alignment with
the current state of the market.
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S&P 500 Is In A Downtrend
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This is all over the headlines and sadly it's true the market
is tanking and bitcoin BINANCE:BTCUSDT followed suit
even though its recovering slowly the point is it crashed as well.
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Citi Group Cuts Nike Price Target
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This is one of the features of the stock market where the people on the trading
floor at Wall Street are looking at the crowd sentiment to try
to predict the price action
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The problem is its difficult to determine price action because we are
trading volatile prices every day
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Your only safety is risk management
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The rocket booster strategy according to this chart is showing you
that this price is in a downtrend
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The Rocket Booster Strategy:
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1-Price has to be below the 50 MA
2-Price has to be below the 200 MA
3-The 50 MA Should Cross Below The 200 MA
--
If you want to trade the right stocks then you should learn a trading strategy
the one above is the rocket booster strategy
--
Rocket boost this content to learn more
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Disclaimer: Take this as a warning you will lose money from trading do not buy or sell anything I recommend to you. Learn risk management and please trade with caution.THis is not financial advise there are just ideas and opinions.
NKE - Doing It ✔️Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
NKE ShortShort shares of NKE - earnings soon. I don't expect them to be positive, personally.
COVER BEFORE EARNININGS unless you are looking for a gamble.
Depending on risk :
Set a stop-loss around 101.72 to 107.05
Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on.
I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings.
You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options.
Otherwise, best of luck in the markets, everyone!
