NKLA PUMP IT GUYSNice breakout of this symmetrical triangle, looking for a big move this afternoon and premarket into tomorrow! Let 'er ride!Longby vincefromaspects2
NKLA breakout NASDAQ:NKLA breaking out from a descending triangle . ALso 20 SMA crossed 50 SMA , indicating likely institutional buying for an upcoming news . PT $30 . Longby brutusdbrr4
$NKLA in a good BUY zone with strong catalyst. Stock in Nikola, the aspiring maker of hydrogen-powered heavy-duty trucks, has fallen far enough for one analyst. Wedbush’s Dan Ives upgraded the stock to Hold from Sell Sunday evening. His price target went to $25 a share from $15. Also President Biden is focusing on more EV sector. One of the top EV sectors in the US NKLA corporation. ALWAYS THE RISK SHOULD BE CONTROLLED.Longby Trading_with_Shakhboz1
Shorting NKLA - 1st Feb.I'm thinking to short NKLA today in case it doesn't break the support area over 25$, for a drop to the EMA200. The stop loss would be around the 26$ support area.Shortby raduch20061
01/28 NKLA - mid-term investing idea Hi all, NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here. Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area). There is a high potential that this stock will go above DTL 1 and retest it, and go above. This stock currently presents very good RR, SL should be placed right below 50% fib level. The first target is $38, but it will probably go above and beyond. Longby aparkonUpdated 3313
NKLA SHORT 1/28Inidicator was up at the red circle letting us know that the rally has came to a halt for the time being.Shortby vincefromaspectsUpdated 0
NKLA - Nikola Descending TriangleHi guys, So I've noticed this Descending triangle since about late December. Currently with NKLA recent uptrend, its currently battling with this descending resistance trendline. The downtrend began after its blow off top in June 2020. Normally descending triangles are bearish continuation patterns. But sometimes it can act at a reversal pattern if it breaks the descending trend line. With that being said, the support line only has 2 touch points which may call for more touch points. Hence drop down back to support line. Volume is extremely important to keep an eye. To trade triangles, you need to wait for confirmation of a breakout outside of the triangle with a candle close outside. To measure potential price targets measure the base of triangle and put it to the down trend or uptrend. Ive also added RSI which seems to be printing lower highs currently. As shown by the trendline added. Also Stoch RSI is flirting with the 80 level, which may indicate overbought situation. These may indicate not enough juice to break out of triangle to reverse trend. Please let me know what y'all think. Advice or your insight would be appreciated. Thank you and goodluck. by SafofAllTradesUpdated 20202
NKLA, MORE TO COME ?God loves triangles so lets keep using them till they stop working! Breakout above the resistance indicates that we are continuing this bull run. Our indicator this morning was the breakout of the huge descending triangle. Lets wait to go long for another breakout of this symmetrical triangle forming circled in white.Longby vincefromaspects2
NKLA Gap Fill ReversalNKLA has filled its large gap in chart and has run up to the top of the range. Now that the gap has been filled, i'm expecting a gap fill reversal to take place pushing this back to the 23 range.Shortby BBTrader293310
ABC BullishVolatile and we all know this one can be sliding right along, then a shred of bad news hits and it is back at the bottom... Short interest is very high at 33% plus epending on where you look, but sometimes shorties accidently push price up then they have to cover their short so increases buying, hence the price.. OBV is perking up and NV is flat indication smart money bout this at bottom of 10.35..as soon as rally up began the negative volume (NV) started going flat. That does not mean they will not buy again on pull backs...so they are probably not buying today (o: Negative volume represents volume on down days where positive volume represents volume of up days, which is usually the general public.. ABC patterns are a measured move down and considered a corrective pattern. D is the target and it is best to get out at D as the whole cycle starts over again which would begin with an impulse down. The longest wave in a harmonic pattern is called the Impulse wave. That is where you start your pattern at. It is obvious where the impulse wave is for NKLA. C can not be below A in this pattern. Targets are calculated off the length of the AB leg using fib levels. 0.382, 0.618 and 0.786 are usually targets 1. Anything above that are icing on the cake and are usually target 2. The stop goes below C, or if the stock has moved away from C quite a bit, the last pivot low can be used as a stop..You can either put a fib level indicator on your chart or Multiply the length of the AB leg by these fib levels to get your targets. Long entry is when price breaks the BC leg in an uptrend and this can be subjective..ABC is a harmonic pattern as it repeats itself over and over in the market. There is also a bearish version. When a stock falls as low as this one did, there will plenty of folks stuck overhead who are at their own individual Maximum level of financial pain, so they will sell every chance they can to get a better exit price. Imagain you bought this around the top and how you would feel. Most have probably been stopped out or sold to relieve the pain, but there are most likey still folks hanging out up there that will sell every chance they get.. Long term investors would prefer a stock that has less volatility and one that possesses a long term uptrend, although these have small corrective patterns as well. To find the long term trend, look at the monthly, at least 20 years, and I look at the 3 year weekly as well for a more recent snap shot of how the security moves in the long run. You can also find support and resistance you do not see on smaller time frames like daily, hourly, etc.. I like long term uptrends as well as I do not have to worry so much when a pull back occurs. A 20 year uptrend is likely to continue, but nothing is a given.. Buy red/sell green.. Not a recommendation..Longby lauraleaUpdated 223
Move back to the 200 day moving averageI have been doing this for nearly 25 years and I try to keep it simple. I look for two things: 1) a catalyst that can send the stock higher or lower and 2) a high potential technical signal Catalyst NKLA is in the EV space and right now there is a ton of money flowing into this space. They also have a watered-down deal with GM who has just announced they are going full throttle in electric vehicles. This alone should send the stock higher. Technical 7-day MA average crossed over signaling a buy and I am targeting a move above the 200-day MA to $25 (representing approx. a 17% move). At that point you can close the position outright or take half off and let the rest ride. Longby mxc111Updated 447
NKLAEveryone told me this thing was going to $0. Personally I wouldn't be surprised to see this at $100 this year, especially if this crazy market keeps up.Longby Essendy113
Buy $NKLA - NRPicks Ene 24Nikola 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 also develops electric vehicle solutions for military and outdoor recreational applications. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona. Technicals: - Price level SMA 50d - Vol pattern (Dec 28 - Jan 13) - Psychological price level to $20 - Potential cross 20MA - 50MA - Potential upside to $25 - $30Longby NewroadTraderUpdated 1
NKLA Breakout Upside Target $102NKLA backed by an extremely accommodative administration when it comes to renewable energy will surge beyond $100 once it breaks out of this downtrend line. This is a hidden gem that has not had the spike like almost nearly all other renewable energy stocks like BLINK, RUN, TSLA. The time is coming - load up now before you miss out on the coming surge.Longby ich1baNUpdated 141413
NKLA POSSIBLE BREAKOUT SOONThis is the fourth setup of this pattern, if history repeats itself then I believe this is about to breakout for a 10-20% day within the next week or two. Depending on which day it takes off, we could see highs of close to 26 per share. I want to see 23 EOD 1/26 and for it to hold into 1/27. This is a short term bullish move and unless we breakout of the descending triangle I will not change to a bullish stance in the long term. Longby vincefromaspectsUpdated 775
NKLA LONG INTO FEB 2021In the short term NKLA is very close to testing trendline resistance at the top of the descending triangle. This would be a jump to 25-26 in the next two weeks. Once this has been resistance has been tested, we will wait for a clear indication of a break through indicating a trend reversal bullish. Otherwise, we should expect a continuation of this bearish descending triangle that we have been trading within for months.Longby vincefromaspects5
#NKLA Isn't bad as it looks ! one more dip before it goes up.My own beliefs : In the stock-market : Every one is lying except the chart . I see very promising technical pattern on #NKLA . On such patterns we tend to have one more dip before the stock start to grinding up . It's not for entry now . Not before we hit the $10 price mark for one last time . This is very long-timed setup . It isn't for everyone except the investors who have financial ability to buy for investing for +2-3 years period . Most of us retail traders we can not take such a trade . unless it's about to start the move .Longby K-alonzi2
NKLA - Could there be enough juice to reverse longterm downtrendHi Guys, So a follow up on NKLA this time on the 4hr after todays close. Things are starting to get interesting. Todays trading day was insane with alot of back and forth. Eventually price action heading down to 18.70 level before being wicked up. As you can see the price target below 19.10 was bought up due to it being in the Golden Ratio Zone at .618 FIB. Showing tremendous support and buying power. Closing today at $19.51. Also note that after the bottoming around approx 13.30 level, it triggered a Elliot impulse to the upside followed by ABC correction which i believe printed the C wave bottom when we tried to go through the .618 FIB level ($19.10). Now we are resting on a support level that has flipped support from resistance as noted with blue arrow icon. With extra protection currently at .618 fib level. Currently there is tight action occurring with a formation of a pennant. Pennants are usually continuation patterns. I've also added 50 day SMA, which if price action is above marks uptrend. I would like to add that a stronger case would have been made if daily candle closed above 19.60 price level. Showing strong support off the 50SMA. Currently it closed a little under. There seems to also be some slight volume increase with last few 4hr candles compared to WAVE 3. STOCH RSI also has bottomed to oversold territory, marks potential momentum to upside. Ill be waiting for confirmation of the pennant formation with breakout and candle close outside above it. Also descending trend line of pennant and the current support line can also be a potential descending triangle. Which could cause price action to test back inside of the bigger descending triangle (linked below) I've also provided link to NKLA chart for a bigger picture on the daily. This chart coincides with the descending triangle that's been forming since blow off top in June 2020. Last 4 days we've been battling the resistance trend line. With volume the 4 hour Pennant play theoretically should have enough juice to battle it once more and potentially breakout. If so ill be taking major positions on confirmation of a breakout from descending triangle which would mean trend reversal to upside. Tight stop loss below first hypothetical closed candle wick. 1st target would be filling the gap at approx. $26 I wish everyone luck and please leave comments, advice and your insights below! THANKS.Longby SafofAllTrades771