NKLA trade ideas
Short $NASDAQ:NKLANASDAQ:NKLA filed for bankruptcy, down 50% pre-market. Stay close to the exit and pull profits along the way. Watch the MACD for any twists. RSI is aligning perfectly. There will be many more of these as time goes on. Billions were dumped into companies with absolutely zero value and zero production that was actually worth the money invested. Under the 200, this is going into the dirt. Do your own research, do not follow my trades, make educated decisions with the information given.
The Next Few Days Will Decide Nikola’s FutureWas that drop to $0.80 just a bunch of stop-loss selling, or is Nikola diluting more shares to stay alive? Honestly, this stock feels like it’s heading either to $0.20 (bankruptcy) or somewhere around $3-$5 if some good news finally drops.
I’m leaning bullish because I think some big news could hit and send this thing flying. Right now:
• 88 million shares and a market cap of less than $85 million.
• The company’s assets alone are supposedly worth $1 billion.
• If there’s any positive news—like no bankruptcy or a glimmer of a future—this thing could easily triple overnight.
A $500 million market cap feels like fair value for a business projecting $150-$300 million revenue in 2025, which would put the stock around $5 per share.
The chart needs to confirm some momentum. Watch for a daily close above the 20MA and breaking out of those falling wedges. Some wedges have been forming since 2023 and others just started more recently, around August and December 2024.
If it starts clearing these levels, we could see a decent move up. This is a gamble but Nikola is already making trucks and bringing in revenue. Companies like that don’t go bankrupt that easily. And even if they run out of cash, their assets are super valuable, and someone would probably step in to buy them out, merge, or loan them money.
The Bottom Line:
It’s risky, and it might go to zero, but there’s a decent chance Nikola could bounce back hard. If they avoid bankruptcy and just get some solid news, this thing could explode.
Nikola, will it survive? 25.01.09Hello, this is Greedy All-Day.
Today, I’ll be analyzing Nikola Corporation, a company once hailed as the “second Tesla.”
Initial Listing and Early Price Action
This chart captures Nikola’s early days after its IPO. During the market frenzy where every stock seemed to skyrocket, Nikola was no exception.
At the height of the COVID-era stock market boom, fueled by retail investor enthusiasm, Nikola saw its price climb to approximately 8 times its IPO price.
But here’s the question: why does this chart not match my memory of Nikola’s original listing price? I distinctly remember its IPO price being closer to $1.
The Answer:
In June 2024, Nikola performed a reverse stock split at a ratio of 1:30. This fundamentally altered its price structure.
Current Status: Down 99% from Its IPO Price
Since its IPO, Nikola’s stock price has plummeted by 99%, leaving it currently valued around $1.
The decline started in January 2022 when the price fell below its original listing price. Since then, the stock has continued to search for a bottom, with no clear indication of where the downward trend might stop.
When Could Nikola Recover?
There are a few key levels and signals to watch for a potential recovery:
Weekly 20 EMA and 60 EMA as Resistance Levels:
Nikola has not seen a golden cross (20 EMA crossing above the 60 EMA) since February 2021.
Even when the price temporarily moved above the 20 EMA, it was consistently rejected by the 60 EMA in the orange boxes.
Key Recovery Signals:
1st Signal: Break above the 60 EMA, which has been a formidable resistance.
2nd Signal: Breakout above $15.66 (green box), a level that served as support for over a year and is likely saturated with resistance due to trapped positions.
3rd Signal: Breakout above the long-term descending resistance trendline, marked by the red box.
Each of these signals would indicate increasing bullish momentum, but until they are achieved, the downtrend remains intact.
Could Nikola Drop Further?
From a purely technical perspective, further downside is possible. However, the current price level is intriguing for speculative investors.
If you believe in Nikola’s potential as a future-leading company, consider this:
Investing $500 now could yield approximately $12,000 if Nikola were to recover to its original IPO price.
That’s a staggering return of 24,230% or 242x your initial investment.
Is It Worth It?
Honestly, I’m skeptical. This is essentially a gamble.
If you’re willing to view the $500 as “money you’re prepared to lose,” it might be worth taking the risk. Otherwise, proceed with extreme caution.
Conclusion
Nikola’s stock resembles the chart of a company that’s essentially dead.
The Downside Risk: There’s no way to know how much further it could fall.
The Upside Potential: If you genuinely believe in the company’s future potential, this could be a lottery-ticket scenario.
My Recommendation: Avoid investing significant amounts into this stock unless you’re fully prepared to lose your investment. While the chart signals extreme risk, speculative plays with small amounts might be worth considering for those who are comfortable with high-risk, high-reward opportunities.
Trade wisely. 🚀
NKLA Longno good reason in the chart, the reason is high volatility in option.
Long 1.6
no Stop
Target 3.0, 6.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
dumb $nkla ideaWe bought some NASDAQ:NKLA this morning with some of our NYSE:BABA gains. Weekly looks like it's going close with a bullish engulfing. Been completely beaten down since ipo. Even a pop to previous S/R would be 200%.
Worth taking a swing on.
NKLA setting up a massive upside shift to 3.0 price and beyond.Weekly data is suggesting a massive shift both in pricing and net buy volume.
Weekly higher lows has been registered with gap interval pricing on the upper end.
This is hinting of high probability of an upside reversal.
Net buy / accumulation has been on the significant side this past few days conveying position takers are betting 'long term' on the future upside valuation of the stock.
Expect some more than average price ascend movement from the present range.
Spotted at 1.60
TAYOR.
Safeguard funds always.
Nikola Beats Wall Street Expectations With Strong Q2 PerformanceNikola Corporation (Nasdaq: NASDAQ:NKLA ), a key player in zero-emissions transportation, has demonstrated remarkable resilience and strategic acumen in its recent quarterly performance. The electric truck manufacturer reported better-than-expected financial results for Q2 2024, marked by a significant revenue surge and robust demand for its hydrogen-powered trucks, signaling a successful pivot from its battery-electric vehicles (BEVs) to hydrogen fuel cell electric vehicles (FCEVs).
Financial Highlights
Nikola ( NASDAQ:NKLA ) posted Q2 revenue of $31.3 million, surpassing Wall Street's expectations of $27.1 million. Representing a staggering 318% increase from the previous quarter, marking the strongest topline in the company's history. The company also reported a smaller-than-expected adjusted loss per share of $2.67, compared to analysts' average estimate of a $2.85 loss, reflecting Nikola's improving financial health.
Strong Demand for Hydrogen Trucks
A key driver of this financial performance was the robust demand for Nikola’s hydrogen-powered trucks. The company delivered 72 hydrogen FCEVs in Q2, an 80% increase from the first quarter, exceeding its own guidance. This strong performance highlights the growing interest in hydrogen fuel technology, particularly among large fleet operators looking to decarbonize their operations.
Nikola’s shift towards hydrogen technology appears to be paying off, as it acquires new customers and sees an uptick in orders. Notably, Walmart Canada became a significant customer, receiving its first hydrogen semi-truck from Nikola in June. The company's focus on expanding its reach across North America has also resulted in repeat orders from two major national accounts, further solidifying its market presence.
Operational Achievements
Nikola's FCEVs are proving their worth in the field. The company reported that its hydrogen trucks have logged over 550,000 miles with an impressive average fuel economy of 7.2 miles per kilogram of hydrogen. This performance outpaces the average Class 8 diesel truck, offering a 23% improvement in fuel efficiency on a diesel gallon equivalent basis. This not only underscores the operational efficiency of Nikola's FCEVs but also aligns with the company’s commitment to reducing carbon emissions.
Strategic Initiatives and Future Outlook
Nikola ( NASDAQ:NKLA ) is on track to complete the rollout of its revamped BEV "2.0" recall program by the end of 2024, showing its commitment to addressing past challenges and improving product reliability. The company is also exploring alternative revenue streams, including the sale of regulatory credits, which further bolsters its financial outlook.
Despite a challenging year for the electric vehicle (EV) industry, with many companies facing declining demand and stock price drops, Nikola’s strategic pivot towards hydrogen technology and its focus on fleet customers are beginning to yield results. With cash and cash equivalents standing at $256.3 million, Nikola is well-positioned to continue its growth trajectory and capitalize on the expanding market for zero-emission vehicles.
Conclusion
Nikola Corporation’s Q2 performance is a testament to its strategic agility and commitment to innovation. By shifting its focus to hydrogen fuel cell technology, the company has not only met but exceeded market expectations, positioning itself as a leader in the zero-emissions transportation space. As the world moves towards greener technologies, Nikola’s ability to deliver high-performance, eco-friendly trucks will likely drive further growth and investor confidence in the quarters to come.
NKLA Nikola Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NKLA Nikola Corporation prior to the earnings report this week,
I would consider purchasing the 8usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $1.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$NKLA looks dead, so why the accumulationChart looks so bearish, but what do we have in the volume range? Looks like big buys are coming in. Volume has spiked. RSI is bullish. MACD is reversing. Last time it did this, it entered a bearish consolidation phase.
It's at the bottom of the regression channel. This week seems to be the week that we move down another leg, consolidate, or move up. What do you think?
Not trade advice.
5 USD per Share NikolaHow awesome , this Stock considered high risj high reward, i can see this Stock 5 USD per share near future sometime end of this year
please note Stock considered long term investment unlike other cfd , buy the bags then leave it for years you equity will be 10X
NKLA - Below .60 againNikola is below 60 cents again. The closer to 50 cents the better. Either way this is our support key zone between 50-60 cents. Is this another opportunity or will price fail this time?
NKLA can move higher from a support level LONGNKLA had news this week with the litigation over the Badger brand. The news is over and the
real trend is hydrogen stations in California and perhaps Western Canada impacting the
buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected
and fallen into the support of the Fib retracement. Zig and zag I look to enter a long trade
here and target the recent pivot high with an initial target of half way there as a retrace of
a retrace. This would be about 1.02 but I will round it down to 0.99 to be below the
psychological level. This is a risky penny stock trade. With FSR falling off the exchange,
NKLA is getting some extra trader interest which may help carry it higher. This is a 30 minute
chart and meant to be appropriate for intraday or short duration swing traders.
#NKLAnew point for buy to penetrate the higest beak
entry point0.655$
stop loss 0.64$ very low risk
target 1.50$ then 2.5$ very high profit
NLKA UpdateWell I was reluctant to update this one - but todays price action gave it a little bit of life. Not much. Esp if price cannot get over 90 cents soon. If we retrace and stay below 90 cents its just floundering and could go lower as indicated by lower support (at this point its going to need some serious help if it goes that low).
If price gets over 90 cents soon there maybe hope for a Xmas rally on NKLA, but do not get your hopes up. It has to still get past 1 dollar and even then there had better be SOLID pattern. I tend to think it may waffle around in price action and hopefully we get a new pattern as 2024 comes in. If not and this shoots up the max target is the upper yellow line that I see right now- a whopping 1.24 cents. Nothing to get excited about right now, but its better than descending prices. Price action is indicated by the arc and support and resistance lines extend out until end of Dec.
NKLA BULL FLAG 4HREasy R:R after it broke the descending wedge at the double bottom the asset is now flagging. Could easily return back to its peak of $1.82 and higher if TA is respected. GL and be safe traders!
Is is a turn araound for ?After NASDAQ:NKLA reached all time low at around 0.6 $ it doubled in almost 10 days.
It pulled back to 0.5 Fibonacci level from the 200 days moving average and bounced back and closed at 1.02$ on Friday.
The sentiment about the NASDAQ:NKLA is starting to change and recent activity of company shows great improvement. Last quarter they delivered more truck as estimated. Additionally, they are starting to deliver the BEV 2.0.
NASDAQ:NKLA is attracting more and more investors as they show more and more progress after all the negativity caused by EX CEO.
My prediction is that NASDAQ:NKLA is forming a base at 1 $ and it will go north.
Technically, the weekly chart is very bullish based on Awesome indicator. The ratio of risk/reward is low.
I will stick to my shares for at least one or two years to see what NASDAQ:NKLA bring to me.
Good luck to everybody.
NKLA - Watch at or below 50 centsNKLA - Nikola is approaching the 50 Cents mark. A brief opportunity in a period of price weakness? Growth and loss become exponential at this point. A move from .50 to 1.00 would be a 100% increase in price. A move from .50 to .25 would be a 50% loss. Are prices below .50 optimal prices for scalpers or swing traders? Or, is it time to build a less expensive position trade?
NKLA can this EV penny stock stop the cash burn/ News LONGNKLA on the 120 minute chart has been in a falling wedge pattern and had the news of
hydrogen stations ready to go in the all important California market and now printed a
countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further
shareholder dilution? Is the board protecting the interests of shareholders ? While this gets
figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term?
I intend to find out.
NKLA likely to move up towards 1.47 and beyondHere is a bullish chart of Nikola Corporation. This looks good for going upward in the coming months. The chart outlines various resistances it has on its way. The first one is a 3M resistance 3MR1 where the price is headed currently. I think the probability is very high that the price on this current move pushes upto 3MR1 after having some resistance and pullback at weekly resistance WR1 level. I will keep watching this one very closely. Current P/B ratio for this stock is also very favorable as it is just above 1 (1.38). This signifies the stock has come into undervalued zone. Let me know what you think.
$NKLA Double Bottom - Bearish Bat ReturnReal nice double bottom here locally on Nikola.
Really want to see a move above .84 cents here to break MS locally, and confirm the local bullish dragon.
First major level is going to be the supply around the .618 there and then the Weekly zone at 2.82
Above the (B) point, you would expect the "Bat Action Magnet Move", a term coined by Scott Carney, which would anticipate a fast move from there to the 886 for the full return as high as about $8
Id surely take profits a long the way, because as a Tesla fan boy, im not real connected to this company specifically, rather just trading the chart here.
Analysing Nikola's 12% Rally and the Risks AheadWith shares in EV manufacturer Nikola (NKLA) surging more than 12% during yesterday’s session. We look at the significance of the rally and why traders should be wary of false dawns.
Electric Surge: Nikola’s Momentum Shift
Yesterday’s surge in Nikola's share price represents more than just a fleeting market movement, it symbolises a potential shift in sentiment towards the company.
For months, Nikola has grappled with scepticism and scrutiny, stemming from a series of setbacks, including leadership turmoil, production delays, and questions surrounding the viability of its technology. Against this backdrop, the sudden surge in its share price indicates that investors may be reevaluating their stance on the company's prospects.
The magnitude of the rally and the accompanying surge in trading volume cannot be overlooked. High volume often reflects heightened market interest and conviction, indicating that the rally may have genuine momentum behind it.
From a technical standpoint, the breakout above a short-term descending trendline and the 50-day moving average (MA), adds credence to the notion that Nikola's stock may be undergoing a genuine reversal – forming a double bottom at the recent lows.
NKLA Daily Candle Chart
Past performance is not a reliable indicator of future results
Caution Amid Optimism:
While the rally offers glimmers of optimism, prudent traders remain cautious of the dangers posed by false dawns. Nikola's history is littered with instances of fleeting spikes followed by sharp downturns, highlighting the need for vigilance in navigating the company's long-term downtrend.
Furthermore, the absence of significant news catalysts behind Nikola's rally raises questions about its sustainability. While technical indicators may point to a potential reversal, the company still faces formidable challenges, including the need to demonstrate tangible progress in its commercialisation efforts and achieve profitability. Until Nikola can address these fundamental issues and deliver on its promises, the rally remains vulnerable to reversal.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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