Nikola Corporation (Nasdaq: NASDAQ:NKLA ), a key player in zero-emissions transportation, has demonstrated remarkable resilience and strategic acumen in its recent quarterly performance. The electric truck manufacturer reported better-than-expected financial results for Q2 2024, marked by a significant revenue surge and robust demand for its hydrogen-powered...
Analyzing the options chain and the chart patterns of NKLA Nikola Corporation prior to the earnings report this week, I would consider purchasing the 8usd strike price Puts with an expiration date of 2024-8-16, for a premium of approximately $1.09. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or...
RIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up...
Nikola is below 60 cents again. The closer to 50 cents the better. Either way this is our support key zone between 50-60 cents. Is this another opportunity or will price fail this time?
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
GOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down. The chop zone indicator shows the signa over the choppiness in the past few trading sessions. Prc rose from the support of the first lower anchored VWAP line I will take a long trade here targeting the recent pivots as shown on the chart with a stop loss set at the low...
RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the...
GOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the cash that the analysts forecasted. The relative trend index indicator suggests a...
Workhorse could start working again as the 50 minute chart is showing a suggestion of a reversal after a long trend down. Price has passed over the longest moving average which is a SMA20. The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all, there are some golden crosses here. Blue buying volume spikes are seen...
NKLA had news this week with the litigation over the Badger brand. The news is over and the real trend is hydrogen stations in California and perhaps Western Canada impacting the buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected and fallen into the support of the Fib retracement. Zig and zag I look to enter a long...
Weekly data is suggesting a massive shift both in pricing and net buy volume. Weekly higher lows has been registered with gap interval pricing on the upper end. This is hinting of high probability of an upside reversal. Net buy / accumulation has been on the significant side this past few days conveying position takers are betting 'long term' on the future upside...
NKLA - Nikola is approaching the 50 Cents mark. A brief opportunity in a period of price weakness? Growth and loss become exponential at this point. A move from .50 to 1.00 would be a 100% increase in price. A move from .50 to .25 would be a 50% loss. Are prices below .50 optimal prices for scalpers or swing traders? Or, is it time to build a less expensive...
NKLA on the 120 minute chart has been in a falling wedge pattern and had the news of hydrogen stations ready to go in the all important California market and now printed a countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further shareholder dilution? Is the board protecting the interests of shareholders ? While this gets...
Here is a bullish chart of Nikola Corporation. This looks good for going upward in the coming months. The chart outlines various resistances it has on its way. The first one is a 3M resistance 3MR1 where the price is headed currently. I think the probability is very high that the price on this current move pushes upto 3MR1 after having some resistance and pullback...
NKLA on the one hour chart shows several stock patterns which may suggest a trader to sefely deploy a small portion of available risk captial here to have a good chance to make a profit. In the first instance, a "W" or " reverse cowgirl" pattern is seen as handrawn iin blue line. This is bullish like the "M" pattern is bearish. The second pattern is an...
FSR has been mentioned as a bankruptcy candidate. It has been on a super trend down on reports that it does not have enough cash reserves to meet operating expenses and production quotas. However, any review of the chart in the past quarter shows that it is capable of counter trends where it suddenly gains 10 to 20% in market cap in a short period only to...
I think we have a nice double bottom with 30-50% possible down side and huge upside. It's a gamble, but I am stock gambler. I took a very small position. I like the chart and suspect this could under accumulation. Lots of analysts have much higher targets than here. Nikola sold off the Badger line to a close friend. Will this allow them more time to focus on...