$NKLA flirting with support level againLooking if from a technical prospecting can bounce off from previous resistance, otherwise we might see it all the way to the 40s. $NKLAby aristocksUpdated 3
NKLA - Corrective Wave Finished - New Impulse?NKLA has been coming down for sometime now, but the appropriate corrective wave has finished. We're now awaiting a new set of corrective waves before we can make new price target predictions. Very likely a quick scalp opportunity is here. Price point of Invalidation: $40-$42 range Quick Scalp Take Profit: $50-$52 RangeLongby ericisom887Updated 242427
This makes more sense..Alright had a veryyyy healthy reset here. Sitting around the .618 fib line. going to wait a bit, but could be a decent time to do some call options here. Keeping an eye on it now. by WDERUVE669
$NKLA Should Drop Down to at Least $32I was right to switch off from being bullish on Nikola to bearish right at the extremely profitable point. Now if you looked at some posts I made about Nikola on July 1st , you can see how I was very skeptical. I was already noticeably bearish prior, but after doubling down on my point, Nikola have immediately dropped down by -24.46% as of now. Many people were expecting it was on a route to positive retracement and some amateurish traders called me out for being very bearish. This serves as a lesson to not be overly speculative and value companies way more than they should be without brand equity. As always, this is on an opinion based basis, please don't take anything I say seriously or as financial advice. Pursue investments at your own risk.Shortby gamer4561489
$NKLA Bearish Fib levels NKLA has a couple more trend lines with soft support to break before we could really see accelerated downside to $25. There is support at $35. If we break these trendlines today, we could see $35 tomorrow.Shortby ncontelmoUpdated 3
When will $NKLA stop bleeding?This has been a tough freefall to plummet. Market high was over 80. Will it stop bleeding before the 1/2-point at 40? Or is this really going the whole hellaciously way down? It's tough to call. While $TSLA rallies absurd new highs, its progeny stock (if one can even call it that!) is struggling badly to stay above the water line. $NKLA is not $TSLA! Or close.by BDRTrigger33997
How low can Nikola go $NKLAmuh full fib retrace for $NKLA? first bounced at 0.5 / $53 618 fibs for $43 by proofofweak111
Downward Slide Picking Up SteamRelative Strength, MACD and volume falling. Expect low 50s by end of next week.Shortby FindColdUpdated 2
Will continue to Fall. Next Support at $38The bloom is off the rose. Once it falls below the psychological level of 50 expect $NKLA to fall quickly to the low 40s and test support at high 30s.Shortby FindCold4
NKLATurning bearish, may bounce of lower side of channel or find support at 200 SMA. If not, further continuation downwards.by Nirnaeth4
HKLA Pre-Holiday Harmonic UpdateIve made a lot of money with this stock, but any stock can be elusive and like riding a bull- esp before a Holiday. Those who follow understand we have gone through several iterations of Embedded Harmonics. Embedded Harmonics are not stand alone and can fail and change up very quickly. The good news- we are in a shark pattern. This Shark pattern should bounce well. We can start to see a bit more clearly as trends and Time and Pattern play out nicely.. but a pre shake out of weak hands before the holiday is happening. In fact the bottom may be reached early Monday morning before a rally.. or it could dramatically drop today and force weak hands out. We are on a downtrend about to complete a bullish Shark formation which will (I project) may surge this stock) , perhaps even after hours .. We can still face resistance rejections, but this seems to be too perfect for another rejection. The Target point is still the same top get us back into the ascending trade channel. I will re-explore as things progress... but the bottom of this formation would be an excellent buy or an area to double up. CHEERS WOLFPACK!! Enjoy your holiday! Longby Moorsc0deUpdated 445
NKLA BreakdownNKLA rode the TSLA hype to ATH, but topped out. RSI is in the oversold territory, so I would expect a quick bounce, before resuming its downtrend. First stop ~$50, then could get ugly from there. Shortby cmerged10
NKLA53 IS A MUST HOLD LEVEL. IF 53 BREAKS NKLA CAN DROP BACK TO 39. TRADE IDEA: UNDER 39 45P 7/11 **NKLA PREMIUMS ARE VERY HIGH. I WOULD RATHER JUST BUY/SHORT STOCK IN THIS. by KevinBurrows16169
Basic Over Valued PlayHey guys, I can see NKLA trading down around $37 in the next month. Maybe in the next couple weeks. Will watch for a break of $52 to take us down to $37 range. This chart looks ominous, and the fundamentals also look horrible. Shortby porretta.matt6
Nikola Bullish Outlook 📈 Nikola is looking to retest it's IPO 4H previous support line (Dating back to 20 May, 2020) On successful support (upward bounce from about 50.30), a bullish outlook is expected for Nikola's future. Longby illMcNasty229
This stock has made many millennials super rich.....First, read some news about this company here Chart wise, it is precarious to go long for now as it is at an inflection point - a symmetrical triangle that can goes either way. Note that is a gap to be filled at 35-40 level so if the price does break down, we can expect this level to be retested. I can understand the thrill and excitement of buying such stocks as it provides a 800% return from 10 to 90, a 8 fold increase in share price. And the best part is it is over a relatively short period of time. Like going to the casino, if you got lucky and win the first time off the table and go celebrate your winnings, would you be disciplined not to go again ?Or would you bring more capital with you, thinking you have the "skills to play the game" , that you had it figured out. That is the winning strategy of the casino. It allows short term punters to win but because it is always open for business and they knew these punters would return with more money and would eventually lose/return all back to the casino. We are mere mortals, driven by pleasures and stay away from pain as primitive creatures thousand of years ago. Whether you are donned in a suit or cargo pants, the hardwiring inbuilt in each and everyone of us is not easy to change. And that is why a casino spend lots of money and time to design their space with food, beverages, entertainment ,etc with the whole idea of prolonging your stay, wanting you to spend your money one way or another. There is no escape the moment you go in............ by dchua1969Updated 18
NKLA Update - Embedded HarmonicsSo it appears the sneaky market decided to reject the Blue Butterfly Harmonic (see previous chart). But has now reformed another Butterfly Harmonic to chase the weak hands out. Strong players will have remained in the market... or bought back in at 65.00. Caution is still in for the trade because resistance will setup again where we failed previously at 70.00... so be aware. 70 is a strong area of stagnation and struggle.. but with the newly formed embedded crab (which we did not have before).. we stand a very good chance of getting thru 70 and seeing 75 complete the Butterfly... This would be a good area to take profits...but for the REAL TRADERS- the butterfly may continue up due to the bullishness on the crab formation up.. and get us to 78.00 at which time Profits should be realized as we will start a new Harmonic set of some kind by this point. So from 65- 78 is not a bad trade at all. Just be conscious of the resistance/ reset points Longby Moorsc0deUpdated 5513
NKLA HarmonicLooks like possible embedded harmonics Butterfly and Crab - so this can play out a number of way swith some fake outs to the downside, only to reverse and continue upside. A sneaky one.. but may payoff to the patient ones. Longby Moorsc0deUpdated 6611
Outlook NKLA / Nikola Corp.can't really say anything bad about the company and its idea of business. Of course you can argue that the CEO is eccentric and I also agree that the company's market cap. is way too high, but as long as there are enough people out there that believe in the company, I don't see a reason why they should return to a share price of $36... just think of Tesla and where they came from.by TradingHaui8
NKLA Long Term Looks Very UnhealthyGoing to be watching for breaks in these 2 crucial zones. Overall, look very bad. It’s a ticking time bomb. by Patrick2310227