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Nikola Corporation

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NKLAQ trade ideas

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
NASDAQ:NKLALong
by Moorsc0de
5
Upward Trend Reversal ImminentPlenty written about the warrants and upcoming registration sale here: seekingalpha.com This week NKLA will take pre orders for their new truck. Would you buy a truck not knowing where you can fill it up with fuel? Thats essentially what NKLA is asking you to do. Company has already said they will not share pre order numbers. This is a tactical way of dealing with the numbers. If they are good, I'm certain they would share the numbers. If they are bad, they have already covered themselves saying they wont publish them. Given they dont publish pre order numbers, what news will continue to drive the stock forward? No factory partner, no fueling stations...no near term future for the stock especially with the warrants and registration looming. 30 day price target = $35 per share.
NASDAQ:NKLAShort
by FindCold
NKLA: Huge upside with low riskWe have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move. I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend. You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance. That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field. Cheers, Ivan Labrie.
NASDAQ:NKLALong
by IvanLabrie
7
NIKOLA CORPORATIONNASDAQ:NKLA That's not a bad paper for tickling nerves. The company itself is quite interesting. 1. Firstly, marketers have clearly tried with the name: NIKOLA CORPORATION. Since the paper belongs to "Auto Manufacturers", it is easy to make an association: Nikola + Tesla = Nikola Tesla is great physicist, scientist, inventor in the field of electrical engineering and radio engineering. 2. Serious volumes in trades have appeared relatively recently. 3. Extremely low sales, only: 0.42M. I would not recommend this company for long-term investments, especially since at least three serious financial estimates are not yet ready for this company: Piotroski F-Score Altman Z-Score Beneish M-Score 4. However, this does not prevent it from trading within a day. 5. We have a strong level 77 on the upper level of the downtrend reversal. 6. Near retest. 7. We're approaching a big bar, which means it's quite possible not to take the level from the first time. Get up above the level very carefully. The safest thing to do is to wait for the breakout and fixation above the level. For the trading guru: aggressive scenario go long in a breakout bar and if you get signals for shorts - turn over to SL*2. I call this strategy a "dead loop": when you turn a position from long to short on an SL trigger.
NASDAQ:NKLALong
by AllexMl
2