"Baby TESLA" Nikola ($NKLA) Pausing Before A Bull RunNikola ($NKLA) is an appropriately named stock: It may also be a "Tesla without the car," as the big up-and-coming producer of lithium ion battery technology. It increased 106 percent yesterday and is making more modest gains today during a bad-run for the market overall. It is still climbing but leaving something of a sell window open on this popular stock before it is fully out of the bag. A preemie of sorts, which debuted in March, it has the innovative technology one looks for in major long-term tech stocks. LONG, Super duper long. There is a ton of promise in "Baby Tesla," whether or not it is an eventual buy out of its copycat company, or not.
Nkla
Houston Is There A Problem? - Nikola (NKLA)No discounting the fact that early buyers SHOULD BE doing the Scrooge McDuck dive in their gold coin swimming pools right now. But after looking through the hype, is there a true, near-term catalyst here? Is this a moon launch or just the top end of a bungee jump? Just a look at the filings raises some really good questions.
“Even if we are able to successfully develop and sell or lease our trucks, there can be no assurance that they will be commercially successful. Our potential profitability is dependent upon the successful development and successful commercial introduction and acceptance of our trucks and our hydrogen station platform, which may not occur.”
Quote Source: Is Nikola Corp (NKLA) An Overpriced Penny Stock Or The Real Deal?
CNHI Owns 7.1% of NIKOLA - Bullish Charts, BUYCNH Industrial ( CNHI ) owns over 7% of NKLA
7.11% = 25,661,449 Shares = Over $2 Billion dollars and growing
I am taking a good guess after researching CNHI, they might be supplying NKLA with powertrain, transmission systems, axles and other parts for the electric / fuel cell vehicles.
The Daily & Weekly charts for CNHI are BULLISH
CNHI is the stock to own along with NKLA especially if you cannot afford to buy NKLA at current levels.
Also, CNHI is the safer bet because the company is profitable "ASIDE FROM" the 7.11% ownership in NKLA
CNHI has a low P/E and a strong balance sheet too.
As NKLA continues to move higher, CNHI's stock price should follow.
At $8.65 cents, what do you have to lose? The positives outweigh any negatives if you buy CNHI
Long!
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The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
BUY CNHI - THEY OWN OVER 7% OF NKLACNH Industrial (CNHI) owns over 7% of NKLA
CNHI just invested another $250 million in NKLA
CNHI is the stock to own, not NKLA.
CNHI is also profitable with a low P/E
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NKLA doesn't make senseThey haven't made a single product. They don't appear to own any I.P. Every public announcement is contradicted by earlier announcements. Nothing make sense about their financials, their cash burn, their contracts.They have a zillion pre orders that require no information or down payment. It smells like a scam
Up or DownSo we got our retracement back to where we wanted and now is the question where we go now? ATM we are in an uptrend with on lvl2 data there is over half a million dollars from here to 2.30. Theres not much TA and news, just nndm tweeting out 3D printing and as we wait for PR on the military to contract and other news. We can suspect massive stalemate in where we want to go. If we continue this uptrend we could suspect a breakout around June12-17. As drawn the 12th will cross over a downtrend line starting from May 22nd ish. The 17th is interesting cause if no news comes out we could break down to the downside and thats at 3.31.
Now on my graph you can see a fibretracement, yet I'm not sure how it works, but some key price targets we talked about last time is there and I'll give you them and if you know how a fib works good and if not don't worry about it.
1.618 is at 6.37, which is close to our speculative price target of $6.42
1 is at 4.83 which is close to our $5 target
I also put 3.88, just cause that was our first wick we got rejected hardcore at the first pump till we went to 4.83.
Final thoughts is that their PR blows, yet institutions don't care about PR as much in the short term. Just as long as the development continues which I still have confidence in them for now. Looks like short term gains may not be here atm, yet it is interesting seeing half a million in the order book holding this stock up. Again short term is just accumulation imo could go look at NKLA, which is a Tesla like company that focus is on trucks for consumer and commercial like truck drivers. Their first truck goes on sale next year.
VTIQ > 10.80 A Story Stock of Future before Symbol change NKLA Stock has been basing for some time in this area , recent spike to 16 but this analysis will be simple.
I think this will be like owning TSLA in its early days.
NKLA will be a story stock of the future
Nikola, a Tesla Rival Making Hydrogen-Powered Trucks, Is Going Public
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