NKLA trade ideas
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.
NKLA rejected off 23.8 Fibb level, target at sub 10-15NKLA bad sign for the bulls, rejection off 23.8 fibb level after falling into the close today. Overall, on fundamentals, I'm not the biggest fan of NKLA, if you want to invest in EVs, get TSLA, however, the technicals are just not adding up. Constant rejection and false breakouts of basically all fibb levels, and now we are back from 90+ to 20. Still got some way to fall in my opinion. Copyright Rohan Karunaratne 2020
Nikola is baloney and I this is being undeservingly kind to themThis company is a joke for a while. Take a look at the fundamentals, what it's built on, what technology it has (there is None), its financials and reputation. The only value the company has is its brand, but from a good brand in some people eyes (for no good reason, just hogwash) (I've never seen it as a good brand personally) it has already started to turn into a symbol of public market stupidity and fraud from various parties involved directly and indirectly (stakeholders and their influence). There is 5% good ideas and people and 95% baloney. Media treats the company as if it and it's CEO has been doing not much wrong, this is completely and utterly ridiculous.
EDIT: target in the range 12 to 0 by January
$NKLA holding up in face of strong headline risk$NKLA had to contend with a lot of bad news over the past two or three weeks but has held up well despite the headline headwinds. This should offer some downside stability against future bad headlines NKLA . Price is at bottom of value range on 3-week and 3-month volume profiles, offering plenty of upside until it runs into resistance/POC around $34.
FALLING WEDGE: NKLA 🚚The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. - Stockcharts.com
FALLING WEDGE: NKLA
DAILY CHART
BOTTOM OF THE BOLLINGER BAND
$NKLA Short Paying Off as Leadership Flees Amid TurmoilNKLA has been a darling of a short opportunity over the past couple months, with a number of well-telegraphed moments of supreme vulnerability wrapped up in a context of speculative "slope of hope" positioning given the thematic moorings.
We recommended short exposure here a few times (after recommending a long from $22 to $90 before that), with shorts in July ( Call , Cover ) and last week . That's paying off this week. Time to bank a piece and stay involved.
$NKLA FALLING INTO SUPPORT?NIKOLA AFTER RISING OFF OF THE GM PARTNERSHIP HAS BEEN CONSTANTLY DROPPING
I AM LOOKING INTO THE $20 RANGE WHERE IT SEEMS TO BOUNCE OFF FROM
LONG-TERM THE FUNDAMENTALS MAY NOT BE CLEAR BUT SO WAS TESLA BOUNCING FROM THE $200 - $300 RANGE
I SEE THIS AS A LONG TERM PLAY FOR THE FUTURE OF EV'S
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.
NKLA update, Trevor Milton is gone, target at 15Trevor Milton just left, the face of NKLA, he was the leader of all the action at the company, and amid all the fraud allegations, he just left? Seems very suspicious, and similar to the Theranos story. Might have a deadcat bounce to between 30-35, but overall NKLA really needs to come up with WORKING product in order to justify an almost 100% extension of their price, from 5 months ago. Copyright Rohan Karunaratne 2020
Going down with the rest of the EV companiesI will consider entering in the low $20s.
This could prove to be a very profitable swing trade.
NKLA: A scam remains a scamWell Nikola is a classic example of what happens when a scam gets too big.
Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla.
Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate scam from the beginning.
The latest Hindenburg report and the very lackluster response from CEO Trevor Milton speak volumes.
Then SEC and now even the DOJ are investigaten Nikola for securities fraud.
The stock will do a classic ABC corrective structure, and will collapse down to 10 USD.
What happens then depends on how the affair will be resolved. But we assume that Nikola will end up getting completely hammered, and the CEO will end up facing
criminal charges, possibly even jail, thus the stock will pull a wirecard on us.
That's just my opinion, so as always, please do your own research when investing or trading.
$NKLA Maybe GM can turn this around.
Rather than looking for a short, we are looking for a reversal trade.
Would GM have invested $2billion in a fraud? the departure of the
Founder may be good for the stock and GM may now be in a position to
either accumulate their share or write the project off.
Will look for a strong reversal off the .868 fib and if the stock can regain
the 200ma maybe we get a long opportunity.
Very speculative and day trade only, a kitchen sink statement could drop at any moment
Possible long pennant setup!HI, there is a pennant pattern and a possible long setup.
I'm not sure on the RSI indicator, but the STOCH RSI is low, maybe this could be a good buy opportunity.
Reuturn on TP: 120%
loss on SL: 40%
this could be evaluated also as a long-term investment.
Tell me what you think.
Bearish on NKLA - Sell in short termBased on Ichimoku cloud, bearish signal and won’t buy in short term as
- Senkou A and Senkou B crossover formed and bearish red cloud visible
- Price candles below Kumo cloud
- Price below conversion line and base line
- Price > Lagging span indicating weakness
Get out of NKLA while you can.
NKLA is hyped, target at 26After deal with GM, NKLA had extreme move to the upside, but failed to sustain above resistance line set by previous high. NKLA probably will retest this high, but my call is down, as their fundamentals are weak. Their market cap is super overvalued, with limited working product. If NKLA can hold above resistance, maybe can begin and ABC corrective wave up, but I am still overall bearish. Target is at 26 for an entry incase resistance is not broken, potentially make a move from 26 to around 40 in an ABC corrective pattern. Still be cautious, super volatile. Copyright Rohan Karunaratne 2020
NKLA - Verge of a Breakout?NKLA is currently a HTB (Hard to Borrow) stock with short interest clocking a rate of about 40% currently. Especially after the shorter's report came out, most retail traders have been left with a sour taste in their mouths. But due to higher consolidation and some sketchy price action in after-hours and pre-market; a breakout appears to be imminent.
First immediate resistance zone: $36.50 - $38.62
After this due to shorts either doubling down on their position or deciding to pull and cover, we could see a rather quick move all the way up to the $40 price range.
Price point of invalidation is around $30 a share.
