First off, please don't take this seriously or as financial advice. As always, this is on an opinion based basis. That being said, I been following this since it was $48, and then I saw it hit $52.40 at noon. I knew this was going to blow up. Nikola has been blowing up. One of the biggest bull runs ever I seen for EVs. Now it closed at $73.27, and post market...
They haven't made a single product. They don't appear to own any I.P. Every public announcement is contradicted by earlier announcements. Nothing make sense about their financials, their cash burn, their contracts.They have a zillion pre orders that require no information or down payment. It smells like a scam
Looks like it might want to break past that 40 level. Given the stupidity of the name (Nikola... Tesla...) and their elecric trucks, I wouldn't be surprised if this makes a huge run at some point... ie Why not rotate out of some TSLA and into some NKLA
In this video i provide a road map and potential topping formation on the hourly time frame. It would be unwise to hunt for a long position at these levels. The fear of missing out can be a powerful emotion that must be controlled if you want to succeed as a trader. We must make logical trading decisions based on confluent factors. Using multiple indicators and...
NKLA, Uptrend Lines are still intact on Daily, and Hourly.
Its also Above the 50 Period MA and 20 Period MA
The formation is a rising Wedge with overhead Supply at $37.55 to $38.92.
A possible break higher would bring it above the $40s.
