+$2040 today on 1/1 in $SHLLHi Guys,
Lots of moves all around but I had 1 BE on $IPOB and 1 winner in $SHLL.
Nice and easy,
Enda
4NKLA trade ideas
$NKLA fails to climb above $37 todayThe breakout from last week has all the looks of failed one. Failed breakouts often lead to sharp moves in the opposite direction. Given the Hindenburg report, expected reversal is not big news. For now the price keeps going further into the apex of the triangle which typically negates the pattern. Anyway, we need to get out of the $30-$37 range in order to consider the situation resolved. Today's recovery was impressive but not enough.
NKLA They sold the rumors... now what?On the 15 minute chart, the BB are indicative of a nice squeeze between support at 30.64 and resistance at 32.78 (which was Sept. 4 previous support and is now current resistance). On Sept 8 with the news of a partnership with GM, the stock surged from 35.63 to breaking through previous resistance of 37.32 to 54.50 in a day! I always say "what goes up must come down" but this crash and burned due to a Hindenburg report of bad news, go figure, haters... so they sold the fear which leaves us in this consolidation zone of the unknown. The RSI at 34.99 on the last candle is starting to trend higher than the previous 25 candles (the 25th candle previous also had a RSI of 34.99, a purple arrow is used to show which candlestick). The 25 candlestick back also happens to be support 37.27 which was "pre-GM news" resistance. The main thing going against this trade for a bullish run is no confirmation, only an inverted hammer. So if the price opens above previous close and the bulls are in charge, it may be time to grab a long position. It bottomed out at 30.82 or did it? Squeeze coming tomorrow? Its at the end of a bull flag also signaling a change. I think no more fear to sell... I've traded this since its early days of VTIQ. I did my DD and I knew what I was buying/selling. Every company starts with a vision. Intangible/intellectual assets are some times more valuable than tangible ones. Know what you own. This is not TSLA, two TOTALLY different companies, concepts. At the end of the day, something is only worth what someone is willing to pay. Right now I'm willing to pay 31.76 only if I have confirmation and my stop would be 30.62 just below support. Short term neutral, long term bullish, very long term.
NKLA Uh OhStill has a lot of room to fall. With no real history, anything can happen to the company.
$NKLA Tries to Fend Off Aggressive Bear Attacks with a DrawingNKLA is apparently sitting on nothing but a sketch, and now wants GM to simply use its name as a marketing vehicle to extract some value before the house of cards comes crashing down. Or so says Hindenberg Research, in a report last week.
Honestly, we think it's likely correct, but the potential for shorts to get roped in a fleeced right now is also monumental. Small bear bets are likely smart from here.
Parabolic Arc?I hate this label..because it will look like one then it blasts off again!
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This one is not despite good nes, then bad news etc Volatile yes, but I have been afraid to touch it and I am not sure it would have mattered what the news was if it is indeed the P arc pattern
Most return to 50 to 62% of their rise in correction mode. 50% would have been 52ish and we are past there, past 62% as well. Where will she land?
I am guessing 28.3ish??? lol I have no clue
No telling...I am watching it though
Anyone? anyone here? I stayed away from this stock just because the fib extension showed it finished it's trend.
When then break out is done and sell off kicked in, no one should touch it until you see a clearer picture.
Remember, patience is gold.
Below attached is my past post about NKLA. Still love what I said.
Nikola Re-Accumulation?Bad news hitting Nikola. I’m watching this for moves to the upside. Currently no entry, but I’m watching.
Wykoff said the Composite Operator (market makers) hide their moves in news events. The way I see it, value investors just see opportunities, either way, opportunities could be exposing themselves soon here. These automated automakers are going to be the next GMs and Fords. The business model of old is crashing the world is beginning to move in a new direction.
All ideas are subject to change.
$NKLA - Slippery slope or stairway?Looking at historical $NKLA plays, I think one of the 2 things might happen.
$NKLA when it bounces up or down it damps at 0.5 rate before breaking off. So $48 is the deciding point, it it breaks $48 and moves up, it might 53$ and then down to $45 - new support and move up to hit $75. This is based on fibonacci retracement.
If it bounces off $48, then it will most likely come down $35.
$NKLA, Text book BREAKOUT, Come on manThey said, “NKLA, you haven’t even made a working semi truck”
They said, “NKLA, you don’t have an established manufacturing line footprint to make the trucks”
They said, “NKLA, nobody’s gonna use hydrogen/electric vehicles weirdo!”
Then GM said (in Shark Tank style), “NKLA, you can have access to all our production/manufacturing facilities we’ve spent the past century building, all we want is 12% equity”
NKLA - Maybe there's more...Scam?Hello Traders,
NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam.
Well...there's a lot of those in the stock market.
We are NOT another NKLA shill...we simply trade the charts.
Let's take you guys back to early August when we entered our trade (3-6month swing trade expected). We first saw ahead of earnings that NKLA was holding its support at $28.70 level and got a bounce the next day.
Knowing that this is a hot stock regardless of the headlines, we noticed some buying volume and entered our trade around $33.30-$33.50 with shares at a 5:1 risk/reward with a target at just under $60/share.
This morning there was news that GM took 11% stake on NKLA and it took us back over to being up over 35% for the day. With NKLA closing above this level current level at $47.50 would put us right back on the bullish move. Higher low has been potentially established and this could rally higher.
We're not chasing this move at all...simply riding out our long swing trade.
If you do wish to enter long here. WAIT for a full candle close above the breakout level. Enter on a pullback to test this level before entering.
Good luck traders!
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
$NKLA, risky buys only at the $35-$40 gap, $NKLANikola Corporation operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company was founded in 2015 and is headquartered in Phoenix, Arizona.
Price will someday go back to fill the gap.
Summary
- NKLA shares soared over 100% on June 8 after the hydrogen vehicle maker went public through a reverse merger with VectoIQ.
- NKLA has no vehicle revenues and is not expecting revenues until 2021 at the earliest.
- Management seems doubtful of future liquidity amid optimism about expansion, commercialization and development of infrastructure.
- NKLA has boasted $14 billion in preorders, which is nearing its estimated peak annual production capacity.
- NKLA's market cap as of June 15 at $24.7 billion puts it just $1 billion below F
