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Nkla

NKLA setting up a massive upside shift to 3.0 price and beyond.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 valuation of the stock. Expect some more than average price ascend movement from the present range. Spotted at 1.60 TAYOR. Safeguard funds always.
NASDAQ:NKLALong
by JSAL
9
Nikola Beats Wall Street Expectations With Strong Q2 PerformanceNikola 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 trucks, signaling a successful pivot from its battery-electric vehicles (BEVs) to hydrogen fuel cell electric vehicles (FCEVs). Financial Highlights Nikola ( NASDAQ:NKLA ) posted Q2 revenue of $31.3 million, surpassing Wall Street's expectations of $27.1 million. Representing a staggering 318% increase from the previous quarter, marking the strongest topline in the company's history. The company also reported a smaller-than-expected adjusted loss per share of $2.67, compared to analysts' average estimate of a $2.85 loss, reflecting Nikola's improving financial health. Strong Demand for Hydrogen Trucks A key driver of this financial performance was the robust demand for Nikola’s hydrogen-powered trucks. The company delivered 72 hydrogen FCEVs in Q2, an 80% increase from the first quarter, exceeding its own guidance. This strong performance highlights the growing interest in hydrogen fuel technology, particularly among large fleet operators looking to decarbonize their operations. Nikola’s shift towards hydrogen technology appears to be paying off, as it acquires new customers and sees an uptick in orders. Notably, Walmart Canada became a significant customer, receiving its first hydrogen semi-truck from Nikola in June. The company's focus on expanding its reach across North America has also resulted in repeat orders from two major national accounts, further solidifying its market presence. Operational Achievements Nikola's FCEVs are proving their worth in the field. The company reported that its hydrogen trucks have logged over 550,000 miles with an impressive average fuel economy of 7.2 miles per kilogram of hydrogen. This performance outpaces the average Class 8 diesel truck, offering a 23% improvement in fuel efficiency on a diesel gallon equivalent basis. This not only underscores the operational efficiency of Nikola's FCEVs but also aligns with the company’s commitment to reducing carbon emissions. Strategic Initiatives and Future Outlook Nikola ( NASDAQ:NKLA ) is on track to complete the rollout of its revamped BEV "2.0" recall program by the end of 2024, showing its commitment to addressing past challenges and improving product reliability. The company is also exploring alternative revenue streams, including the sale of regulatory credits, which further bolsters its financial outlook. Despite a challenging year for the electric vehicle (EV) industry, with many companies facing declining demand and stock price drops, Nikola’s strategic pivot towards hydrogen technology and its focus on fleet customers are beginning to yield results. With cash and cash equivalents standing at $256.3 million, Nikola is well-positioned to continue its growth trajectory and capitalize on the expanding market for zero-emission vehicles. Conclusion Nikola Corporation’s Q2 performance is a testament to its strategic agility and commitment to innovation. By shifting its focus to hydrogen fuel cell technology, the company has not only met but exceeded market expectations, positioning itself as a leader in the zero-emissions transportation space. As the world moves towards greener technologies, Nikola’s ability to deliver high-performance, eco-friendly trucks will likely drive further growth and investor confidence in the quarters to come.
NASDAQ:NKLALong
by DEXWireNews
1
WKHS will it rally 50% or fall below its ATL 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 are traders simply waiting for the best possible price? Price is now about to match the all-imte lows of mid February. Will there be support or will it fall.? Dould WKHS dead cat bounce to rise to recent high pivots? This may be interesting and potentially profitable.
NASDAQ:WKHS
by AwesomeAvani
RIVN falls to fair value for swing LONGRIVN 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 toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
Is FFIE running to earnings early ? Maybe yes. LONGFFIE 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 theory. 42 million shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1 week). I will play this long until earnings- adding 100 to 1000 shares per day at the low of the day on a 5-15 minute chart. I will also look at the options chain for March 15th. Given that WKHS did the same thing and reports the same time, something behind the stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished here.
NASDAQ:FFIELong
by AwesomeAvani
GOEV reverses LongGOEV (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 pivot immediately to the left of current price. This is a potential 50% profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced in regular increments to protect again a momentum fade.
NASDAQ:GOEVLong
by AwesomeAvani
RIVN a trade from deeply undervalued LONGRIVN 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 lesser EV stock while TSLAs fundamentals are challenged by earnings constraints in the face of downward pricing and whether discounting will stimulate demand or instead accelerate the path down as investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
NASDAQ:RIVNLong
by AwesomeAvani
19
GOEV -Canoo reverses while TSLA slumps into earnings LONGGOEV 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 trend up is developing. A red flag is that volume is at or below the running mean. My plan is to watch GOEV for a rise in trading volumes before entertaining a long trade here. The Price Volume product Trend is helpful in that regard. While it currently has a positive slope it is minimal. I will watch for something a bit steeper. I am expecting the Price Momentum Oscillator will soon cross the horizontal zero and provide another entry signal.
NASDAQ:GOEVLong
by AwesomeAvani
1
WKHS a risky penny EV StockWorkhorse 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 on the relative volume indicator and they are about six times the running mean. In a bit of divergence the price volume trend has oscillated up. Overall, this is a penny stock with a price under $ 1.00 It appears to be starting a trend up. I will zoom into a lower time frame and find a optimal entry. I amy get call options as well. The risk in the trade should be limited by a stop loss wide enough to allow for a true range or even twice that. My target is about 1.15 the price level at the time of the last good earnings report. This is about 300% upside. It will probably never get there but hay you never know. Stranger things have happened.
NASDAQ:WKHSLong
by AwesomeAvani
8
NKLA can move higher from a support level LONGNKLA 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 trade here and target the recent pivot high with an initial target of half way there as a retrace of a retrace. This would be about 1.02 but I will round it down to 0.99 to be below the psychological level. This is a risky penny stock trade. With FSR falling off the exchange, NKLA is getting some extra trader interest which may help carry it higher. This is a 30 minute chart and meant to be appropriate for intraday or short duration swing traders.
NASDAQ:NKLALong
by AwesomeAvani
NKLA can this EV penny stock stop the cash burn/ News LONGNKLA 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 figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term? I intend to find out.
NASDAQ:NKLALong
by AwesomeAvani
NKLA likely to move up towards 1.47 and beyondHere 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 at weekly resistance WR1 level. I will keep watching this one very closely. Current P/B ratio for this stock is also very favorable as it is just above 1 (1.38). This signifies the stock has come into undervalued zone. Let me know what you think.
NASDAQ:NKLALong
by angela_altair
NKLA Stock Patterns Suggest a Bullish Bias LONGNKLA 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 assymetrical head and shoulders pattern with a rising to the right neckline suggesting a diagnonal rising resistance over future time. Lastly a high tight flat pattern is seen with the flag of consolidation. The flag pole is about 0.08 in height. Bullish continuation is forecasted by the pattern. The RSI indicator shows the fast green line cycling up and down and holding in the lows above 50. All in all this is decidedly bullish. Fundamentally, NKLA burns cash and raises more diluting its shareholders. OF particular interest to this traders, call options for a strike of 0.50 for Fri Feb 16 went from 0.60 to 0.26 or 4.5X of the course of the day. Stock shares or call options IMO NKLA is a buy - I am doubling my position and will watch it on Friday using indicator alerts on the 15 minute chart. while my screen is showing other action.
NASDAQ:NKLA
by AwesomeAvani
FSR- a risky penny stock long trade in the EV space LONGFSR 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 give it back in the aftermath. It is these countertrends that I have traded recently including late February and the earliest days of March. At present, FSR price is low in the recent high volume area of the profile and the Trend Strength Index is shows some volatility. The LuxAlgo predictive regression forecast is for higher price action in the near term. I will take a long trade here targeting first the trendline resistance of the falling wedge pattern and then the mean VWAP line if the breakout occurs. The trade is expectant for a 20-25% return in a few days consistent with a prior breakout. I will set a stop loss below the support trendline at 0.116 to decrease the risk while raising the stop loss upon reaching the upper trendline to 0.13. Call options for 4/19 will be entertained striking 0.50/
FLong
by AwesomeAvani
NKLA Nikola Corp Nikola Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 February 22, 2024 at 09:01 am EST Share Nikola Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 35.84 million compared to USD 49.73 million a year ago. Net loss was USD 966.28 million compared to USD 784.24 million a year ago. Basic loss per share from continuing operations was USD 1.08 compared to USD 1.67 a year ago. Basic loss per share was USD 1.21 compared to USD 1.78 a year ago. Diluted loss per share was USD 1.21 compared to USD 1.78 a year ago.
NASDAQ:NKLALong
by Maximus20000
1
WKHS Short Interest Rose Dramatically a Week Ago LONGThe daily chart of short interest for WKHS rose 6X beginning a week ago. The level is 13X what it was in November. Coupled with the price action of today it is entirely plausible that shorts are liquidating quickly given today's 25% breakout. Buyng to cover getting synergized with new buyers could cause a trendline slope to escalate substantially morphing something more or less curvilinear into more of a parabolic fit to the " trajectory". So the questions are is this a short squeeze? How high of a price before the momentum slows or fails? Is it too late to get in? Are other penny stocks potentially behaving in a similar fashion right now? Is it even possible to short the shares of this penny stock or is it all put options covering 100 shares per each? This will be interesting for sure no matter how it plays out. I have doubled my position earlier today and it was not a small one. Once I see signs of consolidation, or some moving averages going flat towards a zero slope or a mass index indicator triggering. I will take a piece out for the realization of some profit and hold the rest for whatever the next more might be. I think the first sign that a squeeze is underway if for the tremendous short interest volume to waterfall off a cliff.
WLong
by AwesomeAvani
Can FSR move higher? LONGFSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI all indicate a return to bullish momentum. I will take a long trade the horizontal levels on the chart served as tiered targets for a risk managed trade. I will take some call options contracts as well. I think FSR may follow the market leader in TSLA for a bit.
FLong
by AwesomeAvani
NKLA gets some momentum LONGNKLA had a nice long test run of one of its trucks in California this month. It signed a deal for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel along with its vehicles and get government subsidies along the way. The days of doing photo shoots of a prototype truck rolling downhill are clearly in the past. While alwys speculative, NKLA is getting more search hits on Bezinga and Zacks suggesting there is trader interest and maybe even some investors. On the 120 minute chart, NKLA has ascended about 25% in the past week. It is approaching the intermediate and longer-term anchored mean VWAP lines in black. It is there that volalility and volume are expected to be the highest. This is 0.84 to 0.89. In this zone, institutional traders may take or exit positions. The upper end of the high volume area is at 0.90. I will take a trade here expecting price to go about 13% higher to 0.88. There it will either continue the VWAP band breakout or be rejected from that resistance level. The RSI and MACD indicators show bullish momentum to validate the long trade idea. An additional factor is whether a short squeeze could ensue. In the near term from now until March, the put to call ratio is 0.05 to 0.25 making for very few near-term put options. However, in the April monthly the overall put-to-call ratio is 3.5. This suggests an expectation of a good rise rise in the next 1-2 months and then a correction or breakdown at 3 months. In July the ratio falls to 0.05 at least for the time being. If a short squeeze does get set up, put positions in April will be liquidated in short order and the buying of call options to cover those puts may accelerate the trend up. Overall, my target is 0.88 while the stop loss is 0.73 under the evolving POC line of the volume profile. Since my call options printed a 60% profit for the day, I will add to the position to capture more of the expected move. ( $1.00 Strike 2/9 expiration currently $2.00 per contract- no stop loss total loss vs expected gain 250%+)
NASDAQ:NKLALong
by AwesomeAvani