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.
NKLAQ trade ideas
$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.
$NKLA Warrants are being redeemed, $27 warrant = $38 stock Like I was predicting earlier today, Nikola broke down from it's bearish consolidation period. Support is still at $33, but with warrants jumping in price to $27 this implies a $38 stock price for Nikola.
It's good to get this bearish consolidation out of the way, and good to get the warrants out from hanging over its head.
Now its time to build support.
Battery Cars Are Charged Up!Please check out my blog post for a full breakdown:
www.derzzycharts.com
Electric vehicles… the future right? Who cares?! We’re here to profitably trade stocks. Today we have TSLA, NKLA, and NIO compared with each other on the daily. The gains in these stocks have been massive. I would call these high beta, but I feel like they even exceed that definition. The other thing that blows me away is the correlation between them. We may have spotted a small lag that could be signalling a pullback in TSLA. Let’s check it out!
It’s like they take turns breaking out, then breaking down. First NKLA broke resistance and went ripping, then NIO, then TSLA. Then just like clock work, we see the breakdowns. First NKLA, then NIO, then… well actually TSLA has not experienced a pullback yet. Will it? Well that is the question.
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
NIKOLA - Don't get fooledNikola is falling true it's support like a beer down my throat. I don't see why it should stop falling here. It might have a little bounce towards the blue MA, but after that I believe it will go down further, testing the pink and maybe the yellow MA. That would be around it's previous high.
After that I believe it will put on it's rock climbing shoes, because Nikola is here to stay, and might use the climbing ropes that Tesla left hanging on the walls.
NKLA Nikola Corporation - the new Tesla? If the fuel of future cars will be hydrogen, then Nikola is already there, offering long miles hydrogen electric powertrains.
Nikola Motor Company is a pioneer in electric heavy duty applications. Nikola offers both pure electric and also hydrogen electric powertrains.
Nikola Badger EV pickup will debut at Nikola World 2020 in December offering 0-60 MPH in 2.9 Seconds and a Range of 600 Miles, 906 HP, 980 ft. lbs. of torque, 15 kilowatt power export with 220V and 110V.
Even though the Market Capitalization of 19.575B is high, investors continue to bet on the growth potential of electric transportation.
On 6/17/2020 Cowen brokerage Initiated Coverage to Outperform and put the target price at $79.00.
The indicators show a buy signal on most of the timeframes.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, like others, just leave me a P.M.
OPENING: NKLA AUGUST 21ST 15 SHORT PUT... for a .90 credit.
Metrics:
Max Profit: $90
Max Loss: $1410 (assuming stock goes to zero)
Break Even/Cost Basis in Shares: 14.10/share
ROC% at Max as a Function of Notional Risk: 6.4%
Notes: 30-day implied still high here, so doing something a little more risk adverse with a far out-of-the-money short put that still pays >5% ROC at max as a function of notional risk. Ridiculous that a 2.25 delta strike is paying that amount. The one minor downside: markets aren't the most liquid here; I got filled at .90 when markets were .10 wide. They've splayed out to .30 wide since ... .
Nikola (NKLA) Technical Analysis -The idea is to go long and take advantage of the good momentum of electric cars.
Nikola (NKLA) — An analyst at JPMorgan upgraded the electric truck maker to “overweight” from “neutral,” noting the stock is “starting to look attractive for long-term investors in view of a number of potential positive catalysts in coming weeks and months.” Nikola shares rose more than 7% in the premarket.
NKLA 30 Min Chart IdeaHey thank you everybody for the support again.
NKLA is one of the newest IPO and Hot Stock right now in the stock market. It have a lot of bright ideas this company and a nice EV. I see potential in this company also but in a long term.
Here in the Chart analysis we can see the green uptrend line getting crossed by the candles (for me that means end of the uptrend for now). Now we see a red line (downtrend line) and the candles are following that line, but at the same time we can see also candles trading above SMA 50 and below SMA 200.
I think there is a range of sideways between 61.14 and 39.68, If the sideways break 61.14 the stock will keep pushin higher. If the stock break down 39.68 it can go lower. I don't have position here right now. I will try jump later if I have a chance and I will give a little bit more of time to the company to show their big potential.
With that said I'm neutral right now on NKLA.
***Remember***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
Nikola: its technical charts suggest a lot of energy to keep onShow Me the Money! 9 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Nikola Corporation (NKLA) rose over 30% to $52.50 as JP Morgan Chase upgraded this stock from Neutral to Overweight and announced a $45 price target. Nikola has been promoting itself as a rival to Tesla’s Cybertruck, with its newly introduced Badger pick-up truck designed to directly compete with the former.
After going public via the SPAC route earlier this year, Nikola shares rocketed to a $28 billion valuation, and its technical charts suggest a lot of energy to keep on; the only transitory risk here is a possible price hiccup when warrant holders will be allowed to exercise their warrants and more shares are put on the market.