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NKLA trade ideas

A SLOW CLIMB? NKLAHi traders, pls like and follow is this analysis is useful to you. Nikola stock fell almost 27% on Monday after GM said it would supply Nikola fuel-cell components. That’s different than an agreement struck in September that would have included GM taking an equity stake in Nikola. The graph shows us prices continuously bouncing around the $ 18.00 level. The hope is that a minimum level has been reached such that prices can begin a slow climb towards the $ 35 level. The volatility now seems to have reduced to a minimum and the path appears quite slow. Any drop below $ 17 could push prices to new lows changing our predictions.
NASDAQ:NKLALong
by wanderlust_87_
2
Nikola - Back at $18 - Another Run Up?Just using TA this time around. Checking back in with $NKLA. We got a lot of backlash on our last Nikola position, but ended up with a +44% profit trade in under 10 days. (Check out or last Nikola Post on September 24th.) The stock was beat, oversold, flooded with bad news, and found some support around the $18 range. We're right back at the same levels today, so we're going to try and ride this one again. This is strictly a short term set up and we'll be using a trailing stop loss to secure gains. Targets: 1. $26.30 2. $34.15 3. $42-45 range Stop loss at $16.20 RR: 3.49 Gain of 44% if it hits our first target alone Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NASDAQ:NKLALong
by MannyLo
1
NKLA video updatethis is an update to my continued analysis on NKLA. i use elliot wave with fibonacci retracements and extensions to build a road map of where we could be going. i show both bull and bear scenarios but i am leaning towards a bigger sell off of this asset. i accidentally left out the indicators lol sorry. The daily rsi saw overbought divergence. i would like to get oversold divergence before going long. the daily MACD got a bearish cross to the downside a couple days ago and is down trending. very bearish short term enjoy the video and please make sure you are using your stop loss with an exit strategy people.take the small loss and live to fight another day thank you for your valuable time Rigo
NASDAQ:NKLAShort
by rigorocks
6
NKLA trends lowerNow its pretty to point out that NKLA at the moment is stay way stock for share buyers. Today NKLA pumped maybe trying to short out novice investors by "buying the dip." NEWS -GM says it wont move forward with NKLA, which is a smart play as Trevor Milton is being investigated -SPACS are rumor to be in a bubble and NKLA bubble poped from past FORD ceo interview TA -Well we are in a downtrend (no shit), so the pump today still goes along with the downtrend, with so much negativity I personally wont be buyer till $9, but support lines add up to 11.09-13.95, which may be the new trading range for a long period of time -RSI is below 39.1, which according to bullish price action it would have to stay above -MACD is flipping bullish, but news catalyist doesn't look so hot Final Thoughts I personally have no stake, not even a put. I would be a small buyer between 11.09-13.95, but I would wait till it dips under 11.09 creating "despair" in the market cycle, which could be absolute bottom. This range would last until theres a breakthrough or even sales that come in which would happen in 3-4 years. Again not a buyer here and wait for the final drop of probably Trevor dumping and hitting stop loses of swing traders and long term holders. Plus the EV market is tanking, so not a good buying opportunity.
NASDAQ:NKLAShort
by nathanielx9
NKLA soon to deep below the bearish wedge support of $16.5.As it was expected, Nikola keeps moving to its ultimate destiny, of a penny stock. The technicals couldn't look worse for it, is likely to break the support line around $16.5 and deep to the lower fib extension lines, likely to stop around $8 bucks, by then $16.5 will be a resistance, and it would take a great deal of shenanigans to take it through. I tell you what I see, I see Nikola hitting 8 bucks before Jan, and then wandering around between $8 and $16.5 until it's next Earnings period in Feb just to deep lower from there. It is likely as well that it will sell way before the earnings date, so in mid Jan and beginning of Feb this thing should be on the move again. Fake technology, fake products, fake CEO, fake deals, fake everything, this is a penny stock company.
NASDAQ:NKLAShort
by Allenvik
Will Nikola fulfill its doom prophecy of going below 10 bucks?With so much happening against Nikola this year, some expected it to be already in the single digits, nevertheless the stock still trading around $35 bucks. However I think that after this coming December the speed in which the stock is falling could accelerate, as major stock holders will be able to sell at will its shares locked in contracts until then. So the first week of December should be revealing for Nikola, and I think it will move the stock to the bottom of this descending triangle, to retest the support, and eventually at some time in 2021, maybe deep below towards single digits. The company is a total fiasco with no products to show but empty promises.
NASDAQ:NKLAShort
by Allenvik
2
How to find a bubbleNKLA is a nice example to explain how a bubble can be recognized. On the left is the Volume over price plotted. The bottom area is a “loading zone” where the trade can begin. That’s indicated by a high amount of volume and that’s where you could get in. On top of that is the “earning zone” with nearly the same amount of volume but much denser. In between is much less volume: The “hype zone”. When the Stock reached a certain hight all the Traders which where into the stock are getting their profits in the “earnings zone”. That’s where you should leave the stock and when the Trade is over. Whenever you find a stock with that high amount of volume on the top, you should be very careful. That’s my opinion and should be treated like it. No trade advice!
NASDAQ:NKLA
by spar_ma
2