$NKLA Looking For $14 And A Great Entry$NKLA Looking for a gap fill back to $14 and a great entry point - GM will not let this company go BK - Not advice
NKLA trade ideas
Vaporwave motors with a less realistic business plan than AladinVaporwave motors with a less realistic business plan than Aladin
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.
nklalook how price move inside the avarage of the volume of the firs impulse, down the price 23,71 there aren't any volume that support price, maybe price will go down untill 22,92 or less were will meet other volume medium high area and from there could be go up or down
not financial advice... i'm just new in traiding world and want share whit you guys an idea
NKLA falling wedgewait until it breaks, this company has a lot of problems so be careful but i cant deny the technicals are looking a lot better
Let's try to anticipate the market - SWING STRATEGYHello traders. Leave a like or comment if this analysis is useful for you.
NKLA shares experienced a particularly volatile semester. It is a company founded in 2015 in Phoenix, Arizona, listed on the US Stock exchange since may, which has the ambition to change the world of heavy transport, launching a range of trucks powered first by electricity, then by hydrogen from next months/years. The start was immediately astonishing: within three sessions Nikola's market capitalization exceeded the 13 billion dollar mark. However, a series of unpleasant events involving the founder both in his corporate position and in the private life have reduced the price of his shares. Yesterday, however, Nikola shares rise after company reconfirms strategy following founder Trevor Milton's resignation, with a " Bollinger rebound ".
Now the biggest challenge for the NKLA price is to break the $29 threshold to hope for a lasting uptrend, otherwise a trend reversal at least up to the support at $18 remains more likely, hoping that it will remain a strong support and positive market news will push NKLA towards a turnaround.
$NKLA Potential break above pivot.
High risk, High Reward & a shot in the dark.
GM talks continue and I would imagine that they are
holding all the aces. Sceptics will believe that why would
GM want the stock price higher, why not pressurize the
NKLA board for maximum value? unethical but business is business,
optimists are hanging on for 1 piece of good news.
This is nothing more than a trade, no real faith in company.
NKLA Time to collect goods ...Time to collect goods ...
The future of the company is good.
The field of electric vehicles is on a positive trend.
The price has reached low levels, worth collecting from here ...
Opinion only not professional advice ...
NKLA deal not finalized with GM, Trevor Milton gets hammeredTrevor Milton now getting accused of assault amid his dismissal. Apparently even the GM deal is in question, the deadline is around December, so bulls on NKLA be careful. Not something I would personally trade, target sub 12.
Company Fundaments > Technicals.
Copyright Rohan Karunaratne 2020
More downside to come, bounce at 14.23
Presence of a leading diagonal as a wave A points to a 5-wave C wave. NKLA has yet to complete this 5 wave structure. More downside to come with a bounce at $14.23 -- the .618 fib tracement of wave A
NKLA bearish (inverted) cup and handle pattern. Nikola to -$9NKLA bearish (inverted) cup and handle pattern. Look for a close below the the lower trendline drawn across the handle with above average volume (50M). Unfortunately for GM & long share holders, NKLA warrants give the holder a right to buy Nikola for $11.50 a share. Not to mention all the terribly negative news over the past 2 weeks. I'm not going to re-hash it here but unless you've been living under a rock... With a net debt of -$702M & Free Cash Flow $-52M, NKLA is going to $9 per share eventually. Nikola has a 4 month high of $93.99 and a 4 month low of $10.20, that's a whole lot of volatility. If you are long NKLA shares, a word of caution here, pick up a NKLA $20 Put for insurance (9/25 $19.46 close). Because NKLA is so volatile, the only plausible options play I see here is a NKLA $20 straddle or a looser $22-$18 strangle. Happy trading and Good luck people.
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!
NKLA, Sell Put At next demand Zone (15)Next demand zone is 15.
Stock trade may send a limit order at 15, and wait.
Entry: 15
Stop: 11;
Target: 34; reward:risk=6:1
Right now, this IV is very high.
SelltoOpen Nov P15, limit 3.8;
Delta of Nov P15 is -22%, which shows the probability is 22% the price will closed below $15 at the expiration date.
Even If price goes down 40%, from current price 20 to 12, this still could be a winning trade.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
