NASDAQ:NKLA - Recent downward trend-line broken - Entry @ $28.53 - Target @ $60 - Stop Loss @ 16
Using Nikola as an example, people may divert their attention to EV Truck now with the hype of EV. FOMO traders may flock back into Nikola. However, Im into similar company. (Shared with closed group only) High risk to long, if you are willing to take the risk, reward come later
Based only on Technical ANALYSIS the idea is to go long
Nikola has performed as a young crypto coin from May till June last year, has had a 85% retracement, but has broken out the yellow descending wedge and has touched an old high of March 2020. We had an sudden rise after first break-out before the announcement of GM, but an abrupt decline right after the cancellation of the electric truck production and 11% stake...
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Nikola NASDAQ:NKLA has terminated a contract to deliver 2,500 electric-battery trucks to Arizona-based Republic Services Inc, (Wikipedia) which "is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue." This was an agreement made in August 2020. The...
Doesn't it suspiciously nicely fit the trend on those negative news? If it stands the support, we may see new highs next year. I wouldn't add to the position but neither would I sell it off. Wait and watch.
NKLA (18.59/share at the time of this writing) NASDAQ:NKLA In my humble non-expert opinion, Nikola has a long way down to go. I'm not hating on Nikola. In fact I think they're truck designs looks cool but...captain obvious may tell you that this is a no-brainer, and from a business standpoint I agree. I see no potential based on what the company has to offer...
Just using TA this time around. Checking back in with $NKLA. We got a lot of backlash on our last Nikola position, but ended up with a +44% profit trade in under 10 days. (Check out or last Nikola Post on September 24th.) The stock was beat, oversold, flooded with bad news, and found some support around the $18 range. We're right back at the same levels today, so...
As it was expected, Nikola keeps moving to its ultimate destiny, of a penny stock. The technicals couldn't look worse for it, is likely to break the support line around $16.5 and deep to the lower fib extension lines, likely to stop around $8 bucks, by then $16.5 will be a resistance, and it would take a great deal of shenanigans to take it through. I tell you...
Looks like Nikola bounces here or dies. NASDAQ:NKLA
With so much happening against Nikola this year, some expected it to be already in the single digits, nevertheless the stock still trading around $35 bucks. However I think that after this coming December the speed in which the stock is falling could accelerate, as major stock holders will be able to sell at will its shares locked in contracts until then. So the...
Preparing for the Dec1 lockup pass,and the flot to change from 83.5M to 249.5M $NKLA
NKLA stock formed a falling wedge pattern and the stock is in uptrend now. As the price broke the falling wedge we will probably see higher price and our target is 38,2% Fibonacci level.
3 Month View Auto Fibs RSI looks like its going back down but could easily now stay up Interesting. I'm going in this long. I didn't buy so many but good enough for a double if it could reach to my $60 mark.. RSI to me is just a guess for the market to kinda breathe a bit but also dramatic draw for a 3 month view Watched it at 20$ and was still in WKHS but I...
Until 3rd December there probably will be done the deal with the GM. Everyone is afraid now, because of law companies attacking the Nikola for misleading informations about the company. But everything looks like it still wants to go up after this massive bullish flag. Looks like MACD + RSI + MFI is trying to bounce off the support line. We will see!