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NIKOLA CORP

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4NKLA trade ideas

NKLA is only $2 away from the 70% zoneNKLA is probably the most hated and controversial stock in th EV market. I did take a position in NKLA even though a drop to the 70% correction zone could be meet, yet my trade position would last till the event up to NKLA world and hopes that the earnings report tells us pre order numbers on the badger and the the order numbers of the semi trucks. News -Trevor decided to stake his company shares, meaning his portion, to buy more shares. This will in return give him more ownership of the company as someone wrote up to 40% (not sure if thats true). Problem with this its not gonna affect NKLA nor is it even a stake since its existing shares and if the company flops no harm no foul, since he already made money on going public. -NKLA badger is reported that the US hydrogen fuelcell version will have to wait, so NKLA can establish more pumps, since there's only 70 in the USA. Seeing their business model, we might not see the hydrofuel cell version until the semi network is established or partnerships with gas station companies. This is different in Europe will they will see the badger. -NKLA has broke grounds in Arizona with its manufacturing facility. This also had the Arizona governor showed up. This is really big news for future growth of the company. -TESLA beat its earnings and green energy vehicles are growing rapidly. If NKLA is successful at NKLA world and show a working Badger, they might be able to piggyback on the success of TESLA. Also watched a video on Astroid Mining and talked about how hydrofuel cells are a need for future space travel. Again very long term. -According to recent data from Fintel, a free and paid site you can look up info on stocks and companies along with hedge funds, show institutional ownership is growing with less selling on their part going on. -JPMorgan relased their price target of about 44-45 dollars, yet don't see any support their besides a bounce after the first crash too that level. -Warrants expire next month as well. This will bring in more shares, yet with the shares already avabile this will have a small impact, yet looking at the price it might be psychological fear. TA -Like this week, that $27-$28 mark is our 70% correction zone and we are almost at it. What to expect? Likely to break below it and have a strong bounce back, yet do we sell the bounce back? -Volume would need to pickup and help the VPVR level show there's trading action, yet as you can see the volume spikes and it dies off showing no signs of a reversal in the price anytime soon -MACD is still uncertain what it wants to do. At eod it shows potential upside, yet the downward selling isn't helping. -RSI is oversold, yet now I guess we are trying to do price discovery. Daily still shows more downside since RSI on that is oversold, yet is only at 36 with 50 being the middle ground. -EMA is overextended and would need some good sideways movement to fix it. -Now with the 27-28 being the zone of 70% correction I also put two more "support" lines under it where I saw sideways movements in the past. If you still want to wait you can look for an entry around 20.61 or 13.95, so buy zone is 28-13.95. After 13.95 gl Final thoughts If trevor is just gonna market buy, then he's an idiot. I would hire a professional to buy for me or set limit buys at certain areas. Again my current trade is down, yet holding till december is my plan. I don't plan atm to buy anytime soon and the only confidence the bulls have is that institutions are buying and this is like early days in TESLA, where everyone hates on you until something unexpected happen. Do I think NKLA is gonna be successful? IDK, but Elon did say with current automotive companies there's no competition. Can NKLA fill that gap? You also got a company called fisker, yet I would stay away since they already went bankrupt once and they are the same with NKLA and only have a concept idea, yet in its recent youtube videos and instagram videos, NKLA has shown off its Semi driving around and have famous people to show it off to. Other EV companies that are already established is NIO, really popular, and also one my fav since they partnered up with a crypto called VET, BYD. Those two are chinese, so might not find the same gains compared to TESLA.
NASDAQ:NKLA
by nathanielx9
Currently waiting to go LONG near 20-24 areaFirst I apologize as I can't figure out how to remove the blue vertical lines in the background in my shorter-term charts. If you will be so kind as to educate me on how I would be most appreciative. Please & thank you in advance. The first retest noted in red came in at 0.862 & I see a Bullish Gartley completing near the .869 area near $21.86 but keep in mind I trade very very few stocks. Mostly futures & 4x. This is a high risk trade but I see at least a 3x outcome. If you check out Finviz on NKLA you will see Institutional Buying which is something I like to see. They have deeper pockets than i so it helps to be looking at the same positions, IMO. I believe this trade will come in within the next 2 weeks so please share your thoughts on this company and/or my chart. I am always open to another vision and posting this will help me see how close I come in. Best of luck traders and be safe! finviz.com Index - P/E 490.49 EPS (ttm) 0.06 Insider Own 0.70% Shs Outstand 360.90M Perf Week -38.74% Market Cap 11.61B Forward P/E - EPS next Y -0.71 Insider Trans 0.00% Shs Float 126.96M Perf Month -59.67% Income 1.80M PEG - EPS next Q -0.14 Inst Own 11.10% Short Float 9.08% Perf Quarter 135.59% Sales 0.42M P/S 27918.38 EPS this Y 9.00% Inst Trans 88.02% Short Ratio 0.75 Perf Half Y 189.08% Book/sh 8.04 P/B 3.72 EPS next Y -24.60% ROA 0.80% Target Price 62.50 Perf Year 198.31% Cash/sh 0.00 P/C 9678.37 EPS next 5Y - ROE 0.80% 52W Range 10.16 - 93.99 Perf YTD 189.93% Dividend - P/FCF - EPS past 5Y - ROI - 52W High -68.17% Beta - Dividend % - Quick Ratio - Sales past 5Y - Gross Margin - 52W Low 194.49% ATR 6.06 Employees 256 Current Ratio - Sales Q/Q -53.20% Oper. Margin - RSI (14) 34.72 Volatility 8.95% 10.90% Optionable Yes Debt/Eq 0.00 EPS Q/Q -115.40% Profit Margin - Rel Volume 1.94 Prev Close 33.94 Shortable No LT Debt/Eq 0.00 Earnings Aug 04 AMC Payout 0.00% Avg Volume 15.44M Price 29.92 Recom 2.30 SMA20 -43.48% SMA50 -38.44% SMA200 46.55% Volume 30,000,705 Change -11.84%
NASDAQ:NKLA
by curazguy
NKLA Long, EMA144 as support and at demand zoneDaily chart touched EMA144 Daily Demand zone touched, not confirmed yet If trade stock, better wait for Zone confirmation, trendline break, and cross over EMA144. Entry: below 31 Stop: 26; Target1: 52; risk/reward=1:4 Target2: 66; risk/reward=1:7 I am not a Pro trader. I need few months to work on rule based trading strategies. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate consistently.
NASDAQ:NKLALong
by PlanTradePlanMM
3
NKLA a buy or a Wait?NKLA has entered close to a buble correction with it hitting 60% correction with $28 being a 70% correction from the high. I personally bought a portion from my portfolio for a speculative play with NKLA world coming up and earnings coming very soon. News -Trevor is more active on social media defending NKLA, yet isn't as comical as Elon -NKLA with Trevor has been posting more on NKLA's semi, yet we still haven't seen sneek peeks of the Badger just yet -Preorders of the badger came out, yet no numbers have been publish, to me I'm waiting for earnings to see if they discuss them and orders on the semis -on July 1st the PIPE and aquastion were able to sell and we saw the a massive sell off. Take this with a grain a salt since alot of bulls say there's no proof they sold, yet we havn't seen them buy/hold either. Only thing we have seen is volume picking up after that day that is comparable to the first run up to its ath. -To recap current NKLA news I do recommend watching "Financial Education" since he has pretty good summary of current news that is unbiased and raises questions that common investors like you and me have. TA -Volume is still massive since NKLA last earning report and at current price if the uptrend continues a price target of $106.35 is something to watch out for if it produces the same % return. -Major resistance between the old trading zones of 59.90-69.94, which you can speculate at current levels did with caplation after the PIPE and Warrants were available to be sold on the market. -RSI is beyond oversold on the Hourly and the daily its oversold sold by 14. -MACD is playing around atm showing uncertainty what the investors want. With past experience it could mean more downside unless there's positive news that comes out. -EMA are bearish with the gap widening with a possibility of a quick trade for a short squeeze. -Levels I'm looking at is the 70% correction zone 27.88-37.29 to find a new support base and have the volatility slow down. -Current VPVR levels show we are under high volume interest which reflects the oversold RSI showing a move to the upside is very possible in the short term Final thoughts I think in the short term we could see upside, yet don't be surprise seeing a sub 30 NKLA. I'm buying for speculation on earnings report and NKLA world in december and think its a great time to get in a small postion until you see confirmation and positive news before going all in on the speculative play.
NASDAQ:NKLALong
by nathanielx9
6
$NKLA Will test prior support for resistance, make or break timeMake or break time for NKLA. It will more than likely test it's previous support trend line, the test will confirm it as resistance now and signal a longer term bear consolidation period, potentially going much lower. It will probably continue to hug the previous support trendline, now resistance trendline until the stock (which is turning up right now) gets exhausted, when it turns down especially if it doesn't enter the bullish control zone, there will be a big move coming.
NASDAQ:NKLAShort
by TheGreatBatsby
NKLA | 1D | drawing double fib levelsUNITEDs lesson. Fib play. Fibonacci Retracement Tool. NKLA 1D. Fib retraced back down the the Golden pocket ratio after being rejected by .236 fib. Then dead cat bounce Back up to the .236 on the second drawn fib retrace tool. Wow just wow. How to draw fibs? Great question. Draw from the bottom structure to the top, yes wicks. This will allow you to see where the price could fall. Targets are fibs and ultimate target is the golden pocket ratio. Thats between the .618 to .65. Draw a second fib retrace from the top of the structure back down to the. .65 golden pocket and this will allow you to Gauge where the dead cat bounce will land based on fib levels always targeting the .236. Picture attached and you've been FIB Trained. Fib trading has always been a mystery and traders pay royally to learn this secret.
NASDAQ:NKLAEducation
by OptionsUN1TED
$NKLA: Expecting Downward Pivots (Still Overhyped)Nikola is one of those stocks I used to be a fan of. Last time, I said it was bearish it crashed, and frankly support seems mostly due to hyped up marketing. NKLA is fairly less than fair market value. Regardless if the CEO has real trucks on the road is irrelevant. The revenue and brand equity isn't there to make its valuation the way it was or is. Perhaps I see something wrong, but I don't production is positioning them at currently being a multi-billion dollar corporation. I feel it is overvalued and many people are trying to take it as a bid off of Tesla sentiment. This isn't how financials should work when fully evaluating a company. That being said, I would love to be wrong. I'm bullish on the overall potential of hydrofuel technologies and those reasons are quite obvious. Keep in mind, everything I say is on an opinion based basis, do your own due diligence and this isn't meant to be taken seriously or as actionable financial advice.
NASDAQ:NKLAShort
by gamer456148