Is NIKOLA (NKLA) going to 6$ before it starts moving up?NASDAQ:NKLA
This is what I am looking at. Please leave a comment if you agree/disagree and why?
Nikola
NKLA Getting Ready For a RunLooking for a dip into the oversold and the RSI & MACD should line up for a perfect entry on the second leg.
Possible lower-low before entry on reversal.
Lot's of fundamentals to like as of late. Expecting more into the holidays as the Arizona factory continues to go online.
If the Dems get there way the tax credit increase on Electric cars may push this higher off the news.
Good potential long.
Do your due diligence.
NIKOLA: NKLA Can Be A Good Buy NowTraders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones
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Nikola - Backtest Done Hi, this is my new update for Nikola. Nikola is down 10% in the last 2 days, but nothing special has happened, we are only backtesting the top of the double bottom and everything is showing that the support level $12.40-12.50 is going to hold. I expect we are going to break the resistance $13.60 next week and we are going to set a new higher high. So be patient and don't PANIC, Nikola is BULLISH ;)
$Nikola reversal possibility with cypher harmonic patterncrab harmonic pattern:
3-4=0.61 X-3
4-5=0.38 3-4
tp1=2.6 4-5=$10
It could be a sufficient target because it makes a reversal cypher at this price with a high volume
tp2=3.6 4-5=$5.27
tp3=1.6 X-3=$4.33
cypher reversal:
AB=0.38 3-A
BC=1.41 AB
tp1=1.27 BC=$41
tp2=0.78 XA=$62
tp3=2 BC=$94
Buy $NKLA - NRPicks 21 MarNikola Corporation designs and manufactures battery electric and hydrogen-electric vehicless. It operates in two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles, hydrogen fuel cell electric vehicles, vehicle components, and class 8 trucks that provide solutions to the short-haul, medium-haul, and long-haul trucking sector.
The Energy business unit is focuses on developing and constructing a network of hydrogen fueling stations for its fuel-cell electric and other customers. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona.
Nikola corporation files for common stock offering of up to $100 million - sec filing
Nikola corporation says intends to invest net proceeds from offering in interest-bearing, investment-grade instruments
- Market Cap 6.04B
Technical:
- Low levels of RSI – break of downtrend
- Price below MA50, and MA100
- Support at $14.80
NKLA Swing Trade (Long)Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
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Nikola possilbe reverse and breakout?Nikola - reverse? breakout? possible route ... even though it's important here to watch the news of the company
NKLA going to zeroIn my last chart, I called the huge sell-off which was inevitably coming for Nikola:
But, I realized now, that I was still being far too friendly on this company.
After the Hindenburg report, and many other red-flags currently popping up, I had to revise my target.
I think Nikola is about to go bankrupt anytime between December 2020 and mid 2021, thus the stock will go to zero
in a nice ABCDE pattern.
December is the deadline where most Nikola stock holders will be able to sell their stocks, until then the price is somewhat
kept afloat by a high short interest, and clueless investors who apparently don't follow the news too much.
Long Nikola - Target USD 60NASDAQ:NKLA
- Recent downward trend-line broken
- Entry @ $28.53
- Target @ $60
- Stop Loss @ 16
Risky trade - EV TruckUsing 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
Nikola signals to break-outNikola 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 in the company, which brought Nikola even below the 20 usd. Though, we should go up again and if we break 25 usd, this should be a go. On the other hand we could have a flatliner and a continuation which we know with crypto and this could interlude a longer correction and winter for the EV market. Tesla looks to be nearing a turning point as well.. Let's wait and see. Though a very good entry point for Nikola.
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(NKLA) Nikola continues to crumbleNikola 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 upside is, NIkola can better focus on production of both its battery-electric and hydrogen fuel cell semi-trucks. But will it happen?
Refs:
www.bloomberg.com
finance.yahoo.com
techcrunch.com
NKLA - wait and watchDoesn'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.
