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Nikelong

It is about time for NIKE to shine! Technical Analysis: 1️⃣ Support Level Strength: Nike is currently trading around a strong support zone near $70, a level where the stock has historically shown significant rebounds. In a previous instance, Nike rallied 27% in under two months after bouncing from this support—suggesting a similar move is possible. 2️⃣ Reversal Signals in Play: The RSI is showing bullish divergence from oversold levels, further supporting the potential for a recovery. Fundamental Strengths: 1️⃣ Brand Power: Nike remains a global leader in the sportswear industry, with unparalleled brand equity and customer loyalty. 2️⃣ Financial Resilience: Despite recent revenue declines, Nike has shown improved gross margins and strong free cash flow growth, highlighting its ability to manage challenges effectively. 3️⃣ Strategic Initiatives: Under new leadership, Nike is doubling down on direct-to-consumer sales, innovation, and sustainability—three areas expected to drive future growth and profitability. 4️⃣ Global Expansion: Nike’s market share, combined with its global reach and innovation in product lines, creates a strong foundation for sustained revenue growth. Analyst Sentiment and Forecasts: Analysts maintain a "Buy" rating on Nike, with price targets ranging from $85.92 to $92.47, representing a 14.68% to 30.53% potential upside from the current price of $70.84. While short-term revenue challenges exist, forecasts suggest Nike’s strategic adjustments will drive a recovery, leading to appreciation in its stock price. Why This Matters: ✅ Historical tendency to rebound from the $70 support level with significant gains. ✅ Strong global brand equity and market presence. ✅ Strategic focus on innovation, direct-to-consumer sales, and sustainability. ✅ Positive analyst sentiment and attractive upside potential. Take Profit Levels: 🎯 TP1: $77 – Short-term target based on immediate resistance. 🎯 TP2: $88 – Just below the previous increase from support for a safe exit. 🎯 TP3: $95 – Aligns with the 0.236 Fibonacci retracement level. 🎯 TP4: $110 – Corresponds to the 0.382 Fibonacci retracement level. 🎯 TP5: $124 – Matches the 0.5 Fibonacci retracement level.
NYSE:NKELong
by FinanceProSignals
NKE (NIKE, Inc.) BUY TF D1 TP = 94.49On the D1 chart the trend started on Aug. 1 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 94.49 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NYSE:NKELong
by WeBelieveInTrading
$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out. NYSE:NKE
NYSE:NKELong
by St0ckWr4ngl3r
1
#NIKE Technical Analysis and Trade IdeaMarket Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement to the 61.8% Fibonacci level. Be sure to place a stop-loss order below the recent swing low to effectively manage risk. Maintain a favorable risk-reward ratio. Video Focus: This video explores the technical analysis principles that support this bullish perspective: - Trend Analysis: Identify breakouts and trend reversals with clarity. - Liquidity Runs: Understand how stops are targeted and the impact on price. - Fibonacci Retracements: Recognize key retracement levels for optimal entries. Disclaimer: This analysis is provided for educational purposes and should not be interpreted as financial advice. Thoroughly conduct your own research and assess your risk tolerance before making investment decisions.
NYSE:NKELong
by fxtraderanthony