The worst has yet to come for the EV Mania..! Have you ever asked yourself how much these small companies other than Tesla would compete with big names which showed up with their fully electric cars in the 2021 Auto shanghai show??? Especially Toyota bz4X and Volkswagen?
Some may think after a 60-90% price crash there is nothing left for more correction, but I believe many companies will file for bankruptcy in less than the next 5 years! So it is better to Forget the return to time highs and take what is left. Even Tesla will experience a huge correction.
Tesla's market cap (660B) could not be more than Toyota's(210B), time will prove it..!
Keep in mind a bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Educational article:
Bubble:
www.investopedia.com
Nkla
NKLA Buy Signal! Sell $17, Sell $25, Sell $30, Stop $10.50Since November 2020, there have been 4 indicator generated buy signals for NKLA.
A buy signal is generated when Orange turns into Yellow. or Orange turns into Red
The 1st buy signal on Nov 11th, 2020 had max profit of 100%
The 2nd buy signal on Jan 6th, 2021 had max profit of 100%
The 3rd buy signal on Mar 11th, 2021 had 0% profit (stop triggered)
This 4th buy signal on April 21st, 2021 has stop trigger BELOW $10.50
Sell 1 of 3 positions at $17
Sell 2 of 3 positions at $25
Sell 3 of 3 position at $30
Good luck.
NKLA cup and handlethe RSI says that the market is oversold NKLA ipo launch was at $9.50 they haven't done anything as a company to lose value. NKLA is currently making and about to be distributing hydrogen powered cars and hydrogen power stations in Europe. Their stock fell in price from $90 mostly due to a failed partnership with GMC. The USA doesnt know yet how they can tax a hydrogen fuel station and they are too invested in oil to bring hydrogen powered cars to the us. However there are many hydrogen powered fuel stations in the uk and their company is still growing.
We are about to have a bullish cross on the stoch RSI this has been way oversold from all the price suppression after the failed GMC partnership. this stock is unaffected by Biden s new proposed 43% capitol gainz tax because its mostly overseas at the current moment so its unaffected by all the FUD thats being spread within the USA by the mainstream media
Cup and Handle / inverted head and sholders
NKLA - is the bottom in?Been watching this one recently.. and it appears we may have formed a bottom. A bearish crab (micropattern) just completed at the bottom of what appears to be a bearish shark (macro pattern). There also seem to be overlay shark patterns.. so the price pump potential could be very nice here. This is a very early call- but lets see if NKLA can rebirth itself. If the patterns hold true there will be fireworks. The only thing I could say is get in early and hold on. These patterns tend to be very subtle and then skyrocket with very little warning.If price continues downward- well.. there is always tomm. I entered in around 11.74. The target shown here is a very low intermediate level. The ultimate target is well above into the 30 dollar range.
ADDED $NKLA Target 20.93 for 32.72% $NKLA Target 20.93 for 32.72%
Or next add level is 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.
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.
$NKLA after something retraces 88%, it goes up or to 0. Lets see$NKLA is now down 88.6% off it's highs and it just retested the level it broke out from back in early 2020.
After something retraces 80-90% off it's highs, it usually has one of two outcomes - it goes to 0 or it goes up from here.
Taking a bet on the latter. Will take a small long on a retest of $10.50 area.
ADDED $NKLA Target 22.32 for 30.07% $NKLA Target 22.32 for 30.07%
Or next add level is at 12.00
I know that I just added yesterday, but I added again today.
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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.
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.
ADDED to $NKLA Target 23.05 for 28.84% $NKLA Target 23.05 for 28.84%
Or next add level is at 12.73
I Added here today which brought my target down and my % up... I love averaging down just as much as I love hitting my target...
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
NKLA Swing Trade (Long)Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
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$HYLN OVERSOLD WITH TONS OF UPSIDE!!!
Trading near the SPAC listing of $10 per share, what an absolute gift
4 Hour RSI is very over sold, MACD is also looking for a crossover soon
Major catalysts coming in Q3-Q4 (Sales updates, partnerships, and product updates)
Risk to reward is very low, downside would be $10....
Most analyst targets are sitting above $15 per share, so you have some wiggle room on the swing side
THIS IS AN AMAZING SETUP!!! GET IN EARLY!!!
Buy $NKLA - NRPicks Feb 14Nikola Corporation operates as an integrated supplier of zero-emissions transport systems. Designs and manufactures electric and hydrogen electric vehicles, electric vehicle transmissions, vehicle components, energy storage systems and hydrogen fuel station infrastructure.
Technical:
MACD Level (12, 26) - 4.87
Target in 3rd Fibonacci recoil
Average RSI levels
MA50 below MA200
NIKOLA SHORT!!!!The chart speaks for itself. I took a short position at 19$ which is seen in a previous idea. It was right. But now it looks promising to enter again. Monday could be a small sell-off but the Lockup period expiring at the end of April so this thing could tank. Besides, they have no revenue for the past 7 years. It's beyond me how people still believe in this.
(Not financial advice, just my opinion) NASDAQ:NKLA
The Week Ahead: MJ, SRNE, INO, NKLA, XOP, ICLN, IWM PremiumLooking for the juice? Here's where it's at ... .
Options Highly Liquid Single Name >$10/Share With Earnings in the Rear View, Sorted By 30-Day with a >50% Cut-Off:
CRON (43/236) (Cannabis)
AMC (21/218) (Theatres)
TLRY (40/185) (Cannabis)
SRNE (5/165) (Biotech)
INO (4/145) (Biotech)
ACB (11/127) (Cannabis)
NKLA (12/125) (EV)
CGC (23/99) (Cannabis)
NCLH (4/99) (Cruise Lines)
NIO (34/97) (ADR; EV)
M (5/80) (Retail)
IQ (13/75) (ADR; Internet)
RCL (2/72) (Cruise Lines)
DKNG (5/69) (Online Gambling)
CLDR (6/64) (Software)
JD (28/61) (ADR; Internet Retail)
DDOG (19/61) (Software)
GPS (10/54) (Apparel)
AEO (1/52) (Apparel)
Options Highly Liquid Exchange-Traded Funds, Sorted By 30-Day, With a >35% Cut-Off:
MJ (47/80) (Cannabis)
XOP (6/57) (Oil and Gas)
ICLN (10/54) (Clean Energy)
LIT (40/52) (Battery Tech)
JETS (1/46) (Airlines)
EWU (3/46) (United Kingdom)
XBI (20/44) (Biotech)
EWZ (3/43) (Brazil)
XLE (6/41) (Energy)
GDX (3/39) (Gold Miners)
KRE (6/38) (Regional Banks)
SLV (8/38) (Silver)
XLK (7/36) (Technology)
Broad Market, Sorted by 30-Day:
IWM (7/31)
QQQ (10/31)
SPY (3/20)
DIA (0/20)
EFA (2/15)
The Pictured Trade:
Depicted here is an MJ July 16th (124 DTE) 17 short put, which was paying 1.11 at the mid price as of Friday close, 6.99% ROC at max as a function of notional risk (20.6% annualized). This is quite a bit more long-dated than I like to go generally, so I'll probably wait for a May monthly to open up (probably next week after the March monthly drops off) before considering doing anything. Similarly, neither ICLN, LIT, nor JETS have May monthlies yet and April will have a gotten a bit short in duration (currently 33 DTE) for those like me who prefer to work with a 45 day or less wheel house.
NKLA to pop by end of AprilGot some long dated calls, love the look on this one. It either stops for a giant IHS here or heads to $12-$13 and then pop, but once it breaks it's downtrend it will pop, I think by the end of April at least and it should continue to fly pretty high, I expect longterm to get over ATH but that will take a long time I'm thinking.
CCIV - WHAT YOU HAVNT NOTICED - A QS REPLICA? As you can be by the following my previous idea was based was QuantumScape. The new opportunity arised when i saw that the 2 charts, are mostly identical in terms of price action and technical analysis.
1. CCIV have had 5 major waves down, finishing off at the 2.618 trend-based fib-Extension. QS has the exact same level of 2.618 where it bounced of the last time.
2. On the 15min chart we can see that QS and CCIV are hovering around the same RSI level: 18. If this is true, CCIV is likely to break up here.
3. After the QS long, QS had a return of 75%. If the compare the two it should put CCIV at 42 USD.
Remember to give this a like, and i will keep this updated with daily technical analysis.
May the chart be with you.
Previous QS IDEA:
Hedge losses by Shorting NKLAShort-term play.
As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.
Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.
Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.
NASDAQ:NKLA
Besides, the trend is bearish so you may as well take advantage of that.
Entry price @18-19$
TP @13-15$
SL @21
(Disclaimer)
(This is not financial advice, just my opinion)