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Nikolastock

NKLA: Lower Levels Ahead? Nikola Corporation - Short Term - We look to Sell at 9.22 (stop at 10.48) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 9.50. 50 1day EMA is at 9.65. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels. Our profit targets will be 5.09 and 4.10 Resistance: 9.50 / 10.00 / 12.00 Support: 7.00 / 6.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NKLAShort
by Saxo
(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
NASDAQ:NKLAShort
by traderman001
Nikola (NKLA): A Long Ways DownNKLA (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 as of today. The original deal with GM was "revised" AKA downgraded. That deal was worth $2 billion. The original deal already had me scratching my head. The revised deal still has me wondering what Nikola has to offer as a business. The original deal: GM provides fuel-cell technology to Nikola GM manufactures Badger (pickup truck) for Nikola GM takes 11% stake in Nikola in return for above services The revised deal: GM provides fuel-cell technology to Nikola GM gets paid in cash? Based on what Nikola has to offer, there is no reason for Nikola to have any value. What is their competitive advantage? What value is being created? Are they simply marketers? They need to come up with something. From what we first learned in the Hindenburg Report, they don't actually have any proprietary technology that is solely owned by Nikola. It's all third-party agreements. Seems like Trevor Milton is trying to become the Steve Jobs of EVs but without any of the proprietary Apple technology. He's charismatic and I guess he brings ideas together...? So what's left? Comments are welcomed. If you're still holding Nikola, why? And if you're not holding anymore, why not? --------------------------------------------------------------------------------------------- You could argue that NIO is in the same boat since they also have a mega manufacturer (JAC Motors) creating vehicles for them. But there are key differences. 1. JAC Motors is state-owned. The Chinese government has every incentive to prop up their own EV companies even if they're friendly with US-based Tesla. They're not going to snub home-grown competition. 2. The Chinese government has committed to making all automobiles sold in China "eco-friendly" by 2035. Again, homegrown EVs have an advantage. 3. Nio has functional vehicles that run on electric batteries (not downhill gravity). 4. Nio has sales. 5. Prior to its 2020 pop, Nio had a dedicated fanbase to which they created Nio Clubhouses for (to cultivate and grow its cult). --------------------------------------------------------------------------------------------- Refs: www.wsj.com www.wsj.com asia.nikkei.com hindenburgresearch.com www.azcentral.com --------------------------------------------------------------------------------------------- Disclaimer: This is my non-expert opinion and not financial advice.
NASDAQ:NKLAShort
by traderman001
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