GARBAGE NKLANothing to really see here. Most likely will continue trending down. Trevor Milton should be investigated for securities fraud. I believe this will be a phenomenal company in the future, but the way Trevor handles himself on twitter is just pathetic. he is simply pumping the stock. Ignore NKLA for now
NKLAQ trade ideas
NKLA continues hopping up on pennantsNKLA's ride up on pennants continues. NKLA has shown us 3 pennants in the last 2 weeks. Great consolidation after pop ups. I was able to capitalize on the last consolidation on Thursday and I'm ready for the pop from today's consolidation.
We got another setup from today's consolidation. NKLA is ready to move if Nasdaq gets momentum early next week.
Target is 50.86 based on a Fib 138% move
NKLA climbing on PennantsNKLA has been on a tear over the last couple of weeks amidst earnings and other good news. It's responded with about a 50% jump during this time. Both its jumps have come following pennant shaped consolidations. It appears to be ready for another move up on its second pennant in 2 weeks.
Receives Landmark Order of 2,500 Battery-Electric Waste Trucks Nikola Receives Landmark Order of 2,500 Battery-Electric Waste Trucks from Republic Services
Order includes 2,500 electrified chassis, with the option to increase the order up to 5,000 units
Largest single order in the waste industry and signals Republic Services’ commitment to zero-emission vehicles
On-road testing likely to begin in early 2022, with full production shortly after
The truck chassis and body will be provided directly to Republic Services from the Nikola factory
The electric platform is expected to offer up to 150 miles and 1,200 cans on a single charge
Zero-emission trucks expected to outperform diesel or natural gas options in horsepower and torque
Will result in a much quieter and emission-free refuse collection experience
nikolamotor.com
IN THE NEWS:
CNBC
TECHCRUNCH
BLOOMBERG
BARRONS
nikolamotor.com
MONITOR NKLA - Attractive Risk Reward RatioFast Turtle Triggered BUY with increased Weekly Volume.
ATOM still neutral - Potential Ranging
FiFT +ve
Well Support at 29
Immediate target 48 to fill the gap.
Finwiz.com target 58.
Plan
Accumulate around 34.5 to 55
SL below 29
TP1 at 48 (Risk Reward 2x)
TP2 at 53
TP3 at 58 (Risk Reward 3x)
NIKOLA - the invisible truck manufacturer SHORTNIKOLA's CEO Trevor Milton is comeing out with gigantic claims about their company. There is not enough visibility/evidence about these claims to any investor.
NIKOLA's rotten core wil slowly but surely reveal itself within the comeing months. Bulls will be holding back and sensible people will sell the stock before Trevor Milfred can prove anything real.
SHORT
3 price outlooks for NikolaI don't see any big investors rallying in before they see alot more than what Nikola has delivered so far.
They're 2Q revenue of 30k came from excecutive member buying solar panels from Nikola :D...
Cathy Wood publicly stated Nikola is headed to 0 in their view.
My bets are on 1 and 2...
Cheers!