NKLAQ trade ideas
NKLABest R/R on a short its gonna give you right here. Break major support. Short the snap back retest. Easily defined risk. all that consolidated supply above helping you out.
NKLA Long Idea?NKLA off the 50sma? with TSLA, WKHS, NIO and other EV manufacturers blasting higher, can NKLA soon follow. Might be low risk here. What do you think? Up 9% pre market.
$NKLA Nikola Reversal Trade Opportunity
Having suffered such a selloff, this could be a case of catching a falling knife, but we will be looking for a dead cat bounce
of the current level. Already making a cap up pre market.
Confluence of possible support levels could set up a
reversal trade opportunity.
-Bulls will defend the gap fill,
-Fibonacci Golden Pocket also strong reversal level.
-50 Moving Average hit.
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Further Exploration, Halting Impulsivity - Reveals $NKLA fraudWhile Nikola was all the rage following its 600%+ daily increase a bit ago, halting on pulling that buy trigger was prudent (Though I did not). The Nikola website is impressive in design: It even features the vehicles that are NOWHERE NEAR being produced. It looks "Sweet" really. Then: Take a look at the HIRING section. This company has existed since 2015, and so many key positions are utterly vacant. After five years, it went public in March, still nascent, still nowhere close to being a viable automobile manufacturer (OR, any threat at all! to $TSLA itself).
Many were quick to think "Next Tesla!" but a simple look at the fact this company is so incomplete, so fractured and forming (hopefully for those hanging onto it)...reveals that massive gain to be very, utterly and totally, FRAUDULENT.
This is a stock not only am I happy to have rid myself of, but also one that I will not re-enter, no matter how LOW it dips (I say this unequivocally even!)...
FOMO hit many of us, and many have bailed, taken that rather substantial loss, and moved forward. The excitement around electric vehicles and lithium-ion battery tech is enormous, but as some would simply say colloquially, "THIS AIN'T IT." Sell, dump, and run. This company is nothing close to the hype-monster it was generated to be, and Hype is funny: It builds, and builds, then explodes. The deeper look at this company's lack of development over five years is exactly why. But in the moment, many of us trusted the notion of the "NEXT TESLA."
Live & Learn, my friends!
-BDR
Bottom Fishing or is this one a Bubble that Burst?Granted, NKLA was way up over it's head at $93.99 and very little support below. But it has fallen from grace and just waiting to see how far she falls.
$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.
$NKLA
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 Range
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.
$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.
$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.
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.
How low can Nikola go $NKLAmuh full fib retrace for $NKLA?
first bounced at 0.5 / $53
618 fibs for $43
Downward Slide Picking Up SteamRelative Strength, MACD and volume falling. Expect low 50s by end of next week.
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.
NKLATurning bearish, may bounce of lower side of channel or find support at 200 SMA. If not, further continuation downwards.
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!
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.
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.
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.
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.
