Short Activity Report - Yellow - Carefull now...There is a light at the end of the tunnel focus on a sign that says: Short below 34 only...So if you have "bear goggles" you took that bate above the 34 support and you may have to cover soon..if anything you have entered a battle you cannot withraw from untill you are whole..which will make you trade and trade and trade untill you are whole again. If you are a bull...you BOUGHT that bottom at 36 and you bought that again at 34.50 and are sitting back and watching the action with our fingers crossed that the reversal will develop and hold to run those bears back up to 37 and accelerating back to 46 to battle again on even ground.
So I am happy to see the activity picking up and confirmation of the technical predictions as this means the bttle rages on.. as long as there is a battle there is profit to be made.
All the best...buy that bottom ... just a thought.
Nkla
Short Activity Report - GreenWe have a green report. As we move inside the squeeze, we are finding a sgtrong support around 51 and targetting the heavily shorted area of 60 bucks. We see no short activity on the exchange , the last being the 17th of this month around 60 bucks. We will accelerate to 80 once we get a clean break through 60, which will be followed by a small retracement to give you entry for the next sideways movement in the squeeze in the 60 to 80 range.
Top squezes NKLA TLRY SNDL AMC HEXO
Green No shorts in sight - Bullish
Yellow Some shorts - Healthy sideways movement
Red Heavily shorted, inminent correction
All eyes on EVI am getting the feeling of electricity in the air before the storm in the Electric Vehicle market. I don't want folks to be caught sleeping as price action is starting to give signals. In this video I talk about how the news today on NASDAQ:NKLA created some delayed but interesting price action in NYSE:NIO and NASDAQ:TSLA that anyone trading EV stocks needs to be paying attention.
Earnings did not beat, but where to buy $KNDI now?Don't let a temporary pullback scare you away, because in the blink of an eye youll be chasing. I am looking for the bottom support of 5.15 to get retested if we continue downtrend. After a bounce there I will be entering $7-$8 dollar calls for Mar.19 2021. If we do not break 6 due to the insider buying news, then now would be a good reentry long. WE cannot predict then entire market but smaller caps usually are not as volatile.
$NKLA has earnings monday. What to expect!Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of the GM deal. The chart is set up for some serious downside and ill be signaling in my chatroom. This could present the perfect straddle opportunity.
We're Back! +$1560 on 2 trades in $NKLAHI Guys,
Been working on a approach to trading as just trading $BA ran out of fule, so to speak. We're simply trading volume leaders in the mid cap range using the same system and it's working great!!
Check it out!,
Enda