Nkla
$NKLA Expecting a Rally$NKLA has found support once again in the $9.50 area and it is running out of room beneath the overhead trend line. I am expecting a rally to the target box at some point soon.
$NKLA Target 19.19$NKLA Target 19.19
I’m thinking this will try to make a run for that trendline… and if it breaks above and holds then 19.19
NIKOLA: NKLA Can Be A Good Buy NowTraders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
ADDED to $NKLA Target 18.81 for 37.80% $NKLA Target 18.81 for 37.80%
Or next add level at 9.91
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED $NKLA NEW Target 19.42 for 36.19% $NKLA Target 19.42 for 36.19%
Or next add at 11.82
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
NKLA potential bounce next weekIt's been a couple of weeks but nkla has acted about how i expected, the double top pattern has played out and the price action respected the pattern. Now that it has played out i'll be looking for a bounce on nkla, i'll be watching the 13.65ish level for a bounce, if it bounces there i'll be watching 14 very closely for a trend reversal. Unfortunately for the bulls i'm not sure 13.65 provides enough of a bounce to push this stock up over 14 and reverse, so more then likely it'll be a failed breakout followed by more selling off. I'm as bullish as anyone on this stock but it's hard to envision a scenario where this goes up in the next month, i wouldn't be surprised to this stair step down for another few weeks before finding some real support. I feel like we could see 12.50 or possibly 11s before we get a true bounce, i'll have my next buy lined up in the 11s or 12s if it gets there. There's more selling to go but eventually it will relent and the bulls will send this higher once nkla gets the tre's on the road. Stay strong bulls.
🟢 Added to $NKLA Target 19.91 for 34.98% (Risk Level - Med)🟢 Added to $NKLA Target 19.91 for 34.98% (Risk Level - Med)
Or double position at 10.61
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
🟢 $NKLA Target 20.93 for 32.72% (Risk Level - MED)🟢 $NKLA Target 20.93 for 32.72% (Risk Level - MED)
Or double position at 10.61
I also have an open buy order at 13.74
I posted this one yesterday but they I got the dreaded 24 hr TV flag restriction 😬... haha... it's ok...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
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.
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
This is the move that i was looking for #NKLA +60%Got stop out on the first trade but the second one healed my wounds and brought an extra $ .
NKLA still looks long but wait for a pull back
NKLA: Chart Reading June 2* this is a pure chart reading (analysis) for NKLA and expected scenarios based on price and volume action and what the indicators tell us - has nothing to do with the fundamentals or how the business itself is doing.
Daily Chart:
- NKLA has accelerated in the past few days with (couple of days showing) large % moves supported by big volume (almost 2x daily avg)
- NKLA has been moving within a steady channel for the past few months
- in this channel, this will be the 6th attempt to break the upper channel line
- indicators showing a move to the bullish side for momentum, sentiment and net volume - but that has already happened in all the prior breakout attempts - doesn't really mean a big deal
Price Projections:
- measured move (based on price structure) target #1 was $16 - which was hit last week.
we see how the action hesitated once that target was hit
- The next measured move goes up to ~ $21.6 -- that's 22% from where we closed today (Wed June 2nd) - that's our scenario #1
- is this target too far: given the recent big moves, and how NKLA accelerated towards the $16, it can take only 2 "big days" to get to that next target
--- *BUT* if we look at the prior breakout attempts, that move may fail - it really depends on how the bulls act at this level, and if more buyers continue to come in more that those who are shorting or cashing out .. so scenario #2 is that NKLA goes back into the channel
the good news in both scenarios, is that some action is happening - it seems many traders got stuck with NKLA and were considering it a "loser"
weekly chart:
- the weekly shows that the "weakness is fading" - rather than "strength is increasing" - so we're not really in bull territory yet -- may get there if the strength continues for couple more weeks
- the weekly chart does a better job in showing the priori breakout attempts
Active positions in NKLA will need to be watched very closely and managed carefully.. this is a very volatile landscape.
good luck!
NKLA Squeeze Spark PriceNASDAQ:NKLA
20$ - The Squeeze Spark Price
A successful squeeze is all about breaking shorts stop loss buy orders..
Demand Momentum (buying) is required until reaching the first spark price, then it will autopilot to the moon,, but where is that spark price ?!
Will need to analyze the Short Interest (SI) activity compared to price..
Analyzing the Short Interest history,, it increased from 17.71% (26Feb) up to 36.06% (30Apr)
www.nasdaqtrader.com
Dividing this period into 2 parts:
Part 1: 26Feb to 31Mar - SI 17.71% --> 23.36% with Price dropping from $20 down to $13.xx, so Stop loss limits would concentrate little bit higher, range $20 to $25
Part 2: 31Mar to 30 Apr - SI 23.36% --> 36.06% with Price dropping from $13.x down to $11.xx, so Stop loss limits would concentrate in a range of $15 to $20
Why is the strong resistance near 20??
Just an Opinion, not a financial advice!!
NKLA correction coming to and End, Time to buy Looks like buy zone is approaching around $15.00
You can enter if the dotted yellow line is broken decisively or wait for the mega down tend to be broken (solid yellow line) for a safer entry.
EW + Fib extension projects a future target of $147.00
Go go go --> $NKLA Target 20.93 for 32.72% $NKLA Target 20.93 for 32.72%
Or next add level is at 10.61
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$NKLA Target 20.93 for 32.72% $NKLA Target 20.93 for 32.72%
Or next add level is at 10.61
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Nikola - Backtest Done Hi, this is my new update for Nikola. Nikola is down 10% in the last 2 days, but nothing special has happened, we are only backtesting the top of the double bottom and everything is showing that the support level $12.40-12.50 is going to hold. I expect we are going to break the resistance $13.60 next week and we are going to set a new higher high. So be patient and don't PANIC, Nikola is BULLISH ;)
NKLA: Is the Bloodbath Over?From its height of $94 in June of 2020, NKLA has certainly seen a beatdown since then. We've reached NKLA's original levels before the bull run. For NKLA today, $13 is a critical level of resistance. Let's rewind the clock again: we broke through $13 in April of 2020 and bounced off of the same level, which was when our NKLA rocket took off. The same level was tested successfully in December, broke through in April of this year, had a failed retest in the same month, and now we are approaching this level yet again. With an ascending triangle forming (yes, this is my favorite pattern to trade for breakouts), this can see another quick surge to the upside. We have a little room to fill until then, but keep an eye out for one number: $13. Set an alert! It's also worthy to note that on April 22nd, NKLA had a daily volume of 82 million near the $10 mark. NKLA also busted through the 20/50 MA on the 4-hour timeframe and is now hovering above these MA's. Does this mark the end of NKLA's bloodbath?
Still not out of the clear* Warning While retail bagholders had a breather, Nikola managed to jump nicely in the few days. However, with rising inflation amid tech stock sell-offs NKLA may drop to 11$, before it resumes an uptrend.
Anything is possible. Also lots of Articles out lately warning of NKLA's SEC and DOJ investigations. Analysts have also slashed the forecast while no hedge funds are in. The stock is 25% retail owned.
Play with the trend.
Overall long term trend : Bearish
Short term trend : Bullish
Use a tight SL and safe trading!
NASDAQ:NKLA
Greater Fool TheoryBar chart: Monthly trading value estimation(Close price*TradeVolume)
Orange line: Average of the last 12 Months trading value estimation
December 2019:
Closing above the previous range, and 65% increase in monthly trading value compared to the average of the last 12 months.
February 2021:
Closing 15% below the previous high, 25% decrease in monthly trading value compared to the average of the last 12 months, and 59% decrease in trading value in the first 2 months of 2021..!
Money is the true drive behind any price movements in any market. When money influx increases, prices will go up unless supply increases more than demand.
Since January 2021, money outflux started in most EV companies, and their bubble burst in February 2021.
Now you see why I insist Tesla is bearish since mid-February 2021.
What Is the Greater Fool Theory?
The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.
Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.
Institutional investors and mutual fund companies are labeled “the smart money," while retail (individual) investors are called "dumb money."
Because the “dumb money” group doesn't have access to teams of analysts or carefully compiled data, they often make trades based on instinct—and to buy and sell investments at the worst possible time.
Moshkelgosha
February 17th, 2021:
Educational Articles:
1- www.investopedia.com
2- www.investopedia.com
