$NKLA Nikola Corporation 5 YR View
Auto FIBS
MA at 20
MACD looking to go into green zone
I think this is a stock I can be happy buying about 5 shares and test the ride to see if it could be pumped up...
I Like how the GREEN DOJI kicked in and a nice green day followed..
$34.52 seems to be the next level of some support.
NASDAQ:NKLA
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Nkla
Opened a 5 contract call JAN 2021 on the 9/11 exp jan 2021 Stock was hoovering nicely at 20 ish for a while so I expected it to move higher after getting hammered because of unfounded rumours
SO FAR 170ù on a small position but expect it to rise further to 35 and more as just broke the 25 last resistance level
Nikola Corporation (...
NKLA C 15/01/2021 20.00
5 5 $ 3,60 $ 9,50 21,79% $ 2950,00 163,89% $ 1800,00 € 4002,36
Not an investment advise just my opinion , be careful with option as it is highly leveraged
$NKLA isn't a joke.Here are my 2 cents. This isn't advice it's just me thinking things through for my own fun.
1. NKLA ran hard already based on good news.
2. It's bottomed back to per rocket land.
3. All the lawsuits etc etc etc could be just noise while big money continues to enter. (my opinion)
4. GM and NKLA are probably going to announce something soon.
5. NKLA is backed by some massive names already.
6. The chart is salivating and screaming for a breakout.
IDK anything. This is just speculative. GL.
NKLA (NIKOLA) AnalysisThere are 3 SELL signals present and the candles are below my resistance level (24.83) so, I'm BEARISH.
I don't think this is a good time to buy NKLA at the moment.
If you want to buy NKLA, you can wait for EngineeringRobo's BUY signals to be present.
After you buy, watch out for EngineeringRobo's sell signals and consider selling it.
SOLO - a 3 wheels fully electric and coming for NIO! So electrameccanica company has been here for a longggg time but not many people knew about it till today -what’s the story with the EV brand new MR bean compact looking car?
at 18.5k for a brand new full electric car with a 80 MPH per hour speed and battery of 17.3 kWh and most importantly so small you can park it anywhere.
remember the price is a key to reach consumers here and that is a part of the NIO craze !
so yeah it does kind of look funny but its very practical for urban city life and the company behind it actually knows very well what they are doing - this is why i believe SOLO is going to rock the EV market and push aside some older known brands.
the company has been around since 1959 in Italy by the founder Frank Reisner - a great car engineer but not a great business man in my eyes, he has made over 10 different car models and won several awards but never really got the company to the next level.
in 2016 the company built SOLO model as electric formula one race car and entered the NASDAQ at 2018.
Today the car is still unknown on most parts -never saw one in real life but this to me is the solution of "Smart" car combined with "Abarth" on the electric version and I believe that in this price and the current vast marketing budget the company is using the stock is way undervalued.
LET’S TALK TECHNICAL:
So the stock was trading below 3 broke out on fundamentals to 3.33 on the EV craze and haven’t looked back since.
New higher high of 3.92 on November 9th and there started a strong impulse wave that is not healthy for a stock with no substantial earnings yet- jumped to 4.97 and gave a gap to 5.28 - remember GAP MUST BE FILLED and that means stock will go back to "review" that price at some point.
from 5.27 to almost 8$ in 4 hours with a retracement to 6.43 and all based only on investors hype for EV market at the moment - which I am sure stock will revisit very soon when Biden gives his nomination speech.
we are currently in the end of a corrective wave and stock is expected to climb up to 6.5$ and give us one more correction to fill in the gap at 5$ and from there I really think stock will surge all the way to Q1 earnings in 2021 where they are expected to show some profits on paper.
As per now I am a strong buy and big believer in this stock and m=company behind it unlike many other new EV stocks popping out every day – these guys have been around for a long time and they have a finished product in their hands to show for.
Similarities between Xpeng and SOLO - just thought its worth mentioning the waves identical movements between the two:
Trade Safe and beware of the Hype – bubbles are meant to burst !
Leeroy
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.
$NKLA has earnings monday. What to expect!Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of the GM deal. The chart is set up for some serious downside and ill be signaling in my chatroom. This could present the perfect straddle opportunity.
XPENG -METEORIC RISE, MEANS METEORIC FALL !! XPEV AND NIO ANALYSSo in the last 3 days in particular , XPEV the Chinese electric vehicle maker, has been exploding up, and there are many reasons to this which we will cover here in a moment but as an investor who is heavily invested in XPEV this causes me reasons for concern.
In a lot of the cases (excluding Tesla), when we see a meteoric rise such ass XPEV and NIO had in the last few days, this will mean a lot of investors that don’t really analyze the company properly and just jumping in the hype – but these are usually short term investors who are looking to make a hit and run. For me as a long-term investor in the EV market that means bad news.
A bit of Technical:
IMPULSE WAVE - positive sentiment causes massive volumes that are unstable and not sustainable
There is a clear method to how an impulse wave should work, and when you experience 3 motive waves as we see here that are all extended one after the other that means the corrective waves are going to be just as sharp.
We are looking at retracing wave of 618 of FIB if the stock finishes its motive wave in these manner -which means stock will fall down below the 30$ line.
NIO Wave chart:
Lets talk FUNDAMENTAL :
-XPEV delivered 3,040 in Oct over 200% from the previous year and considering the COVID-19 environment around us at the moment ,that is tremendous in my eyes, add to that the fact that 70% of those were the new Sport sedan P7 which is getting very positive reviews.
The EV market is creating new companies like mushrooms after the rain , and though competition is good , inflating a market with so much money and so many brands before it matured enough to sustain it can cause a domino effect and drop the EV market down to new lows and requires us to be patient to see our investment going profitable again.
The earnings of Xpeng are coming in Nov 12 and are expected to be positive – and here exactly is the issue – if expectations from investors on earnings are so high , even positive earnings with a slight downside can bring the stock down like a house of cards at -10% and even more.
To sum up – I am a strong believer in EV stocks whether Biden wins or not, but I would say : don’t put all your eggs in the EV market as this can get rocky!
WE analyze the stock market acc to the great Ralph Nelson Elliot and combine that with fundamental and sentiment analysis on a theory we call Market Cycle Based Analysis and that gives us high prediction rate 😊
This is not a recommendation but our personal advise
Trade Safe, and invest smart !
TSLA Bullish?see charts at www.tradingview.com
According to Elon,
Tesla Still Believes It's Possible For Co To Reach 500K Deliveries Previously Predicted
This could be a huge milestone for them.
Chart pattern looks like it wants to breakout too.
However, TSLA is extremely expensive to play, i personally would play SPAQ or Nio for a sector run if tsla continues to move very well tomorrow.
Possible targets $442 then $460s
Stoploss would be $415
See image below for ER data.
prntscr.com
NKLA LONGI was a bit too bullish on my last NKLA idea. I pasted the link to that idea below.
Here is the new start fresh bull plan.
watch it as it follows this channel and wait for confirmation that it has left the channel.
I will also be watching so if you follow this post I will notify you.
As always I look forward to your comments for or against my ideas.
Nikola - Down Over 80% - $NKLANot a good look for the Nikola Company and its shareholders (if there are any left) after they just received their first Sell rating from wallstreet by Barrons with a price target of $15.00. $NKLA is down over 80% from it's June ATH less than just 100 days ago.
The sell off began just after Nikola's deal with GM, when it was pointed out that Nikola's founder Trevor Milton wasn't telling the truth at a 2016 event when he said that the Nikola One truck on the stage "fully functions." Nikola now says the truck never worked. It was just a promotional video of the truck. In the video the truck looks like it was functioning but was in reality rolling down a hill. You can see why shareholders aren't pleased with this. Now Nikola argues that this was old news and irrelevant because Nikola is no longer marketing the Nikola One and is now marketing a working prototype of the Nikola Two. So we never even got to see a real fully functioning Nikola 1, but don't worry, that's not important because we're now focusing on the Nikola 2. While I am rooting for them (always for technological advancement), this wasn't the founders brightest moment, and he has now stepped down.
Along with the working on the Nikola 2, the company is now struggling to find partners to build a planned network of hydrogen fueling stations across the country. They were previously in talks with BP for these and with help on logistics but these are now rumored to be on hold. We're waiting to see if these deals are made and for the stock sell off to finish before buying in on this one.
TA:
Target $15.00-16.00 area if can find support is the area we're looking at but don't try to catch a falling knife just yet. Wait for support.
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Cheers!
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NKLA a buy for nowIt is time to swing trade NKLA on the trending side and it looks like now it is trending up.
Down trend ended by ADX fell below 40 line. Chop index showing it is in trend now.
Beta now above 1 so risk reward higher.
watch the 30 min chop index for indication of trend ending for stopping swing trading.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.