NKE trade ideas
Another potential for Fib Extension I got this just entered just a few days ago. Hoping the Fib Extension also plays out well, approximately $133.85. Always watch $SPX closely while trading. But stops for guarding your portfolio.
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Nike - NKE• Busted descending triangle end of July
• Closed the gab from mid-June
• Reached a new top
• Will the stock be supported by the 100 MA which is crossing the 200 MA?
• What will be the new trigger to push the stock even higher?
• I would stay Neutral and take some profit
Ascending Triangle C&HAppears to be breaking out.
Break of upper trendline of triangle can cause that trendline to become possible support
Possible Targets 2 are 163.5 179
Not a recommendation
Good luck!
NIKE hits all time highs, now what?Hello everyone:
NIKE has had the bullish move to the upside, hitting the all the high price.
We see the price broke out of the triangle structure, and quick correction followed by the strong impulse.
As how I always approach these type of price action would be keep a close eye on whether we will get a continuation correction here on the lower time frame.
This will give me extra confluence to add in more buys.
Look for either a breakout from this channel structure, or wait for a deeper correctional structure and enter the buy.
Thank you
Let's go to close the gap, NIKE JUST DO IT!Try short NIke
Deal
Short: $98,60
Stop: $102,40
Take: $87,10
Risk|Profit: 1|3
JUST DO IT!
Nike - Still Open PositionChecking back in with Nike since our last analysis. If you check out our last Nike Post, the target hit our buy zone and we entered the position in the green rectangle on our charts. We're currently up around 5% on this one for a nice scalp trade if we wish to exit. Our initial target is still around $104-$105 mark. We're keeping a tight stop loss on this one in the profit already. Waiting to see if we dip back to our accumulation zone or take some profits.
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NKENike broke out of the wedge it was in and I'm looking for it to form a new channel where I can buy lower-highs and sell at higher-highs. Until then, patience.
NIKE CHARTHey people, NIKE is in a fake bearish configuration on its shadow, we can see a decline in sellers but on the TIMEFRAME 15 minutes and volume of purchase substantial but despite its it gives a sign of purchase. Great potential to keep the continuation support before it arrives to break the fibonnaci, but it will have little force.
Objective on the second precedent above, see even on the third if the buyers have agreed on the purchase price.
Please LIKE & FOLLOW, thank you!
NIKE Looking for this bullish continuation to the topHi everyone:
NIKE has very good price action developped that can see price gets push to the all time high area.
From the higher time frame, we see the price action had a strong bullish impulse from the downside, recovered from the Covid drop.
Now we see price has broken out of higher time frame continuation structure from the previous move up.
As always, I will wait a confirmed correction to develop here, and take the next buy move up.
Thank you
Nike - NKENike – NKE
• The stock just left the descending triangle
• Now it will be important to close the gap from mid-June
• If the gap is closed, a further upside to the all-time high and above can be expected
NKE coming off inside week looks ready for a breakoutNKE put in an inside week, has defined support and has been coiling since June. I like this tight risk setup for a support play through 98-98.50 level.
NIKE on a potential breakoutNot a clear cut trade, but good potential and reasonable R:R.
Trade with cushion
NKE FlagNKE is forming a flagging formation and has been in consolidation for the past couple months. Looking for this to breakout soon up to the $104 range.
