NKLA trade ideas
Long Nikola - Target USD 60NASDAQ:NKLA
- Recent downward trend-line broken
- Entry @ $28.53
- Target @ $60
- Stop Loss @ 16
Risky trade - EV TruckUsing Nikola as an example, people may divert their attention to EV Truck now with the hype of EV.
FOMO traders may flock back into Nikola.
However, Im into similar company. (Shared with closed group only)
High risk to long, if you are willing to take the risk, reward come later
NKLA LongNKLA probably getting tight here. Gap to 'possibly" fill up to $26. Lots of overhead supply ahead of that.
Either wait for volume confirmation for break out or look for entry near the bottom lines either short or long.
NKLA over 21.07I know what you're thinking. Bear with me here. The chart is set up here, entry based on hourly resistance. Good supporting order flow today. It could have a nice pop and squeeze shorts for a quick trade.
Breakout or fakeout? PT 24+ is possibleLets see what tomorrow brings, looking at 23+ with the new hydrogen manufacturer partnership. Just speculating!
NIKOLA CORPORATION: The Rocket Is About To Take Off.The down trend is getting exhausted hence you can see its curving, i expect the bulls to take over very soon. The corrective structure is over now and a reversal is soon. Thank you for your support.
Nice dip entry here!im not a big fan of this company but i might just buy the dip here for a scalp! long if 19.7 breaks sl 17.5 and price target 22-24! goodluck to longs here, feel free to leave any questions or comments below and ill get back to you ! :)
NKLA BUY OPPORTUNITYWe see some volume come in last days and the scenery almost looks perfect for a bullish move..
NKLA Long entry , market sentiment based I don't really like the company too much but I think the sentiment is turning positive and technicals look acceptable to take a starter .
Good Luck ~
Nikola signals to break-outNikola has performed as a young crypto coin from May till June last year, has had a 85% retracement, but has broken out the yellow descending wedge and has touched an old high of March 2020. We had an sudden rise after first break-out before the announcement of GM, but an abrupt decline right after the cancellation of the electric truck production and 11% stake in the company, which brought Nikola even below the 20 usd. Though, we should go up again and if we break 25 usd, this should be a go. On the other hand we could have a flatliner and a continuation which we know with crypto and this could interlude a longer correction and winter for the EV market. Tesla looks to be nearing a turning point as well.. Let's wait and see. Though a very good entry point for Nikola.
SPACs year in review: NKLA, SNOW, ABNB, AI, XL, GOEV, QS, LAZR..SPACs year in review: NKLA, SNOW, ABNB, AI, XL, GOEV, QS, LAZR, FSR, DKNG, RIDE, DASH
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
