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...
The 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...
FSR 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...
NKLA 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...
Investors are punishing Nikola (NASDAQ:NKLA) today, plunging the stock below $1 per share. A company announcement has investors losing confidence in the electric heavy-truck maker's chances for survival. The stock plummeted 23.5% in early trading before settling in with a decline of 17.6% as of 10:40 a.m. ET. The drop is due to Nikola's latest announcement that...
I'm making this post in retrospect, I'm shorting NKLA from 7.2. As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t. This could still drive the stock up, because degenerate "investors" could pump it up...
NKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes...
with details including SL and tiered Targets on the 1H chart for this pullback continuation idea.
FFIE is part of the EV Sector but marches to its own drum and cadre of investors and traders ( speculators). On the 15-minute chart the MACD has signaled an entry with the green dot. Price is sitting on the support of the intermediate term anchored mean VWAP lines. The low and high time frame RS lines have bounced off the lows and are in good mid-range. I...
NKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. ...
NKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a...
WKHS, in a move similar to others in the same sector on a 15-minute chart shows that price has moved above and outside the Bolliger Bands about a basis line which inflected from down to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram midday and have moved up impending a cross of the horizontal zero line all on a...
On the 30 minute chart, MULN has pulled back from a brief uptrend. I see things suitable for an entry. I have added to the chart, the anchored VWAP lines serving as dynamic support and resistance. The mean VWAP will be my designated stop loss while lines one and two standard deviations above that are the first and second targets. Overall, the long...
WKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day...
Does this look healthy to anyone else? Just did a look through on their website. They are voting on a proposal to increase shares of their stock. Not sure if it is a split or what. They are calling it Proposal 2. Other than that, this looks like a bounce from bottom if I've ever seen one. Let me know your thoughts. www.nikolamotor.com
TSLA on the daily chart descended from a triple top Summer '22 into a downturn which reversed after earnings in late January. Since then with the usual waves of up action and retracement it has risen into its current range also going through a cup and handle pattern from early April into late May. On the chart with the volume profile and anchored...
FFIE is the past several trading sessions had a 60% uptrend over 3 days followed by a 50% standard Fibonnaci retracement. FFIE may be getting sympathy interest from the surge of TSLA. The relative volatility indicator shows the spikes of volatility associated with the price movement. FFIE is sitting midway between supply and demand zones. I will watch it...
On the 2H Chart ARVL is always been underneath the Ichimoku cloud. Since earnings this has changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced on the potential of the future. ARVL is in the delivery truck and bus segment of the growing EV industry. It does not compete directly with TSLA. On the chart relative...