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NKLA: Lower Levels Ahead? Nikola Corporation - Short Term - We look to Sell at 9.22 (stop at 10.48) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 9.50. 50 1day EMA is at 9.65. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels. Our profit targets will be 5.09 and 4.10 Resistance: 9.50 / 10.00 / 12.00 Support: 7.00 / 6.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NKLAShort
by Saxo
NKLA Market Makers Behavior HypothesisFrom the behavior of NKLA since it was exposed as a scam in September, it has appeared to hit certain price floors and then stop. For such a volatile stock with huge questions of its legitimacy and ability to remain an ongoing concern, it is striking that the price would sit within a narrow channel for weeks. Some have theorized that MMs are actively buying and selling within price channels to keep the price from plummeting. They would be doing this so they, their wealthy customers, and the company insiders can exit in an orderly fashion, without alerting the unwashed masses that the house is on fire. This orderly exit keeps the price up while the large blocks are slowly sold off to unsuspecting retail investors. Additionally, the MMs can sell options contracts for BOTH puts and calls, hedging their risk while taking in large insurance premiums due to the stock's inherent IV, which has run 150-200% for months. By holding it steady, they expire out short contracts. I believe I've found a pattern in the data. There are 4 periods of unusually calm prices, each running about 7-10 days and holding prices of 24, 22 and 18. There was a runup on the GM deal/no-deal around 12/1, but that dropped back down to the 18 level, again without continuing to drop, but hitting that 18 floor. If this pattern holds, the floor drops to 16 next week, but it could go to 14 or 12, and then will hold for 7-10 days.
NASDAQ:NKLA
by yolotwice
8
Nikola (NKLA): A Long Ways DownNKLA (18.59/share at the time of this writing) NASDAQ:NKLA In my humble non-expert opinion, Nikola has a long way down to go. I'm not hating on Nikola. In fact I think they're truck designs looks cool but...captain obvious may tell you that this is a no-brainer, and from a business standpoint I agree. I see no potential based on what the company has to offer as of today. The original deal with GM was "revised" AKA downgraded. That deal was worth $2 billion. The original deal already had me scratching my head. The revised deal still has me wondering what Nikola has to offer as a business. The original deal: GM provides fuel-cell technology to Nikola GM manufactures Badger (pickup truck) for Nikola GM takes 11% stake in Nikola in return for above services The revised deal: GM provides fuel-cell technology to Nikola GM gets paid in cash? Based on what Nikola has to offer, there is no reason for Nikola to have any value. What is their competitive advantage? What value is being created? Are they simply marketers? They need to come up with something. From what we first learned in the Hindenburg Report, they don't actually have any proprietary technology that is solely owned by Nikola. It's all third-party agreements. Seems like Trevor Milton is trying to become the Steve Jobs of EVs but without any of the proprietary Apple technology. He's charismatic and I guess he brings ideas together...? So what's left? Comments are welcomed. If you're still holding Nikola, why? And if you're not holding anymore, why not? --------------------------------------------------------------------------------------------- You could argue that NIO is in the same boat since they also have a mega manufacturer (JAC Motors) creating vehicles for them. But there are key differences. 1. JAC Motors is state-owned. The Chinese government has every incentive to prop up their own EV companies even if they're friendly with US-based Tesla. They're not going to snub home-grown competition. 2. The Chinese government has committed to making all automobiles sold in China "eco-friendly" by 2035. Again, homegrown EVs have an advantage. 3. Nio has functional vehicles that run on electric batteries (not downhill gravity). 4. Nio has sales. 5. Prior to its 2020 pop, Nio had a dedicated fanbase to which they created Nio Clubhouses for (to cultivate and grow its cult). --------------------------------------------------------------------------------------------- Refs: www.wsj.com www.wsj.com asia.nikkei.com hindenburgresearch.com www.azcentral.com --------------------------------------------------------------------------------------------- Disclaimer: This is my non-expert opinion and not financial advice.
NASDAQ:NKLAShort
by traderman001
3
Nikola - Fugazi or Fugaizi , lets break it downNikola This stock goes to show that at the market anything can happen and fundamentals and technical analysis just don’t matter ! let me explain. What ever analysis you try implementing on NKLA chart you will receive no logic , no cycle, barely any resistance and support levels, and hardly the ability to analyze the price action movement according to any past movement -and that is for one reason only – SENTIMENT analysis! One of the more significant analysis in the world of stocks that is simply not mentioned enough. NKLA was not directly IPO’d and was traded under VTIQ (VectolQ acquisitions) and reached a market value of nearly 12 billion on mid May -why – “hot air” as I like to call it. Factory was fake, the truck they used was not even driving but was rolling down a hill, and the previous CEO was just a pure salesman, and a damn good one. Stock jumped several times as seen on chart purely on expectation and hype without completing one single vehicle, yet its traded from 25$ to 18$ in the last month in hope of a deal to be made with GM Motors which also isn’t even close to finalizing. GM Motors will be the exclusive supplier of fuel cells for Nikola class 7/8 trucks along with receiving 2 billion equity stakes in Nikola, in return they will basically build the Nikola Badger model for both electric and fuel cell vehicle. This stock moves on sentiment and sentiment only -no technical analysis applied whatsoever. If I had to invest I rather invest in my neighbors daughter lemonade stand before buying this stock as an investment, that being said I would flip it though! If this deal goes through, which doesn’t seem at the moment, the stock will make another guest star appearance on top winners in the screeners, but other then that its dead in the water! This is not an investment advice , just our personal opinion at fatdogoestrading team Trade safe!
NASDAQ:NKLAShort
by FDGT_academy
2
NKLA is extremely bearish, $20 price target. Nikola finally tested the long term resistance trendline today, largely based on Earning Report anticipation. It was quickly rejected from the trendline on HIGH volume. This was also the first time it tested the bearish ema death cross, and its now confirmed. Expect further mark downs. Knowing how SPACs work, their traditional FIB levels, and psychological levels, $19-$20 is the next level of support. $20 is traditionally a large resistance level for every SPAC as it usually correlates to the break even point of a redeemed warrant. Don't be surprised for NKLA to be range bound as it builds proper support and is accumulated. NKLA Bulls should be prepared to go through frustrating price action, failed rallies, and bull traps over the next 4-6 months, if not longer. $SPCE is probably a good analog. Good luck!
NASDAQ:NKLALong
by TheGreatBatsby
8
Nikola (NKLA): A Revolution, or a Scam?If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be providing an in-depth analysis on Nikola Corporation (NKLA), also recently known as the Tesla (TSLA) killer. I'll provide an overall understanding of what Hydrogen vehicles are, what Nikola is trying to achieve, and the questions that have been posed against the company and its founder, Trevor Milton. Hydrogen Vehicles - Hydrogen vehicles are known to have the following advantages: heavy duty fast fueling, long range support, less weight, and renewable zero-emission. - NKLA places a special emphasis on its heavy duty fast fueling, using hydrogen full cell technology - Theoretically, hydrogen gas is ignited, then reacts with the oxygen in the air, and release its energy through an explosion, with the only waste product being water. - A hydrogen fuel cell is a device that takes in hydrogen and oxygen, generating electricity. - However, the reality is not as good as it sounds - Based on Volkswagen's research, hydrogen vehicles demonstrate a lower efficiency rate compared to electric vehicles. - And while NKLA has recently claimed that they are reaching a cost level of $2-3 per kilogram of hydrogen, research by ARK invest demonstrates that hydrogen costs, provided by NKLA's numbers, demonstrate that they would be 3 times more expensive than electricity What Nikola Corporation (NKLA) is trying to achieve - NKLA is looking to be the Tesla-killer, providing not only hydrogen vehicles, but also sustainable energy sources and infrastructure based on hydrogen - They seek to offer affordable hydrogen based energy solutions through economies of scale - Their motor lineup consists of the following models: Nikola One, Nikola Two, Nikola Tre, Nikola Refuse, which are all large trucks, and Nikola Badger, a pick-up truck. Questions Posed about NKLA - All great successes have stories of hate along the way. However, some serious questions that are posed against the executive chairman Trevor Milton, and the company. - Research conducted by the Hindenburg research suggests that NKLA is almost absolutely worthless, and that its founder is a complete con-artist - They demonstrate that Trevor Milton misled partners into signing agreements by falsely claiming to have extensive proprietary technology - How Nikola staged a video showing their semi-truck cruising on a road at a high rate of speed. - A spokesman for Volvo spin-off Powercell AB, a hydrogen fuel cell technology company that formerly partnered with Nikola, called Nikola’s battery and hydrogen fuel cell claims “hot air”. - As proven by Ark Invest as well, despite Milton's claims that Nikola will reduce hydrogen costs by 81%, they have failed to do so - The "in-house" designs from NKLA are licensed from third-parties - Milton, through dozens of outright lies, was able to form partnerships with some of the largest legacy auto companies in the world in their desperation to catch up to Tesla’s EV leadership status - Milton also cashed out $70 million around the IPO and amended his share lock-up from 1-year to 180 days. - This means that if he gets laid off, his equity awards immediately vest and he is entitled to collect $20 million over two years. - Most of these skeptical views towards the company revolve around the central idea of the company not having any substance, and the chairman's ethically questionable decisions. Technical Analysis - As this stock has only been listed on the market for a few months, leaving very little price action history - First of all, we can see that the stock skyrocketed close to $100 at all time highs, mostly driven by investors' hype that this would be the next Tesla (TSLA) - However, prices since have dropped, touching the historical support at $29.08 - Another strong support lies at $14.88, but given the stochastic indicator demonstrates signs of the stock potentially being oversold temporarily, we might see a technical bounce take place Conclusion While ambitious, Nikola Corporation and the mastermind behind the company seem to lack any substance. Hydrogen vehicles are definitely an area worth exploring, but it's also important to realize that the attention Nikola has received was due to its being marketed as 'the next Tesla' rather than its cutting edge in-house hydrogen fuel cell technology. There are a lot of inconsistencies in the claims made by the company, and potentially unethical decisions made by the executive chairman himself. As such, I believe that this company is more likely to be 'the next Theranos' rather than a Tesla Killer.
Editors' picks
NASDAQ:NKLA
by Michael_Wang_Official
32
NKLA - Maybe there's more...Scam?Hello Traders, NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam. Well...there's a lot of those in the stock market. We are NOT another NKLA shill...we simply trade the charts. Let's take you guys back to early August when we entered our trade (3-6month swing trade expected). We first saw ahead of earnings that NKLA was holding its support at $28.70 level and got a bounce the next day. Knowing that this is a hot stock regardless of the headlines, we noticed some buying volume and entered our trade around $33.30-$33.50 with shares at a 5:1 risk/reward with a target at just under $60/share. This morning there was news that GM took 11% stake on NKLA and it took us back over to being up over 35% for the day. With NKLA closing above this level current level at $47.50 would put us right back on the bullish move. Higher low has been potentially established and this could rally higher. We're not chasing this move at all...simply riding out our long swing trade. If you do wish to enter long here. WAIT for a full candle close above the breakout level. Enter on a pullback to test this level before entering. Good luck traders! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
NASDAQ:NKLALong
by KoreanStreetBets
2
$NKLA Will test prior support for resistance, make or break timeMake or break time for NKLA. It will more than likely test it's previous support trend line, the test will confirm it as resistance now and signal a longer term bear consolidation period, potentially going much lower. It will probably continue to hug the previous support trendline, now resistance trendline until the stock (which is turning up right now) gets exhausted, when it turns down especially if it doesn't enter the bullish control zone, there will be a big move coming.
NASDAQ:NKLAShort
by TheGreatBatsby