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NKLAQ trade ideas

NKLA Is Nikola puting in a bottom ?NKLA is trying to make an all time low. Fundamentally, the last earnings were okay. Some members of the board are retiring soon. Technically, the relative selling volume is much higher than the moving 50 day average. The zero lag MACD shows no bullish divergence suggesting that that there is no impending reversal. The indicators K/D lines have not crossed indicating the moving average compression / convergence are continuing. Price has fallen outside the Bollinger Bands. NKLA finished out the week with some engulfing bear candles on the news of instability on its governing board. This is unlike the candlestick pattern when NKLA did minor pullbacks on the downtrend foreseen by small body red candles to setup up the minor pullbacks. All in all, as a penny stock, this is probably not shortable but it does have put options for $23.00 per contract for the $1.00 strike DTE 5 with a spread of 5% with high volatility and open interest ( reasonable liquidity) I will take a put option trade of several contracts targeting 50% return and setting a stop loss at 10%. I have always found it helpful to have some naked puts in the portfolio so when the general market of SPY / QQQ reverses t o the downside they can help the put options capture some profit in the synergy.
NASDAQ:NKLAShort
by AwesomeAvani
5
NKLA 100% SHORT CONFIRMATION!Please don't enter now, this is going to 45- 50 and may be to 25 cents depending on the company offering! cents area! there is not even 10% upside right now. Toooooo high risk to enter.. Again this is one of the most volatile.. so don't enter right now. MACD/RSI in the worst position, recovery will take months!! at least another 5-6 months.. Wait for the indicators to cool down and for a base for the liquidation and wait for the news and then enter.. this is a falling knife!
NASDAQ:NKLAShort
by chartbusters89
1
NKLA - Exotic Double Three Will See $2NKLA appears to be printing a double three primary WXY. I have labelled it "exotic" because the more common X wave triangle appears to be collapsing before intermediate E wave completion, however it does appear to be a "corrective structure" and so should be correct nonetheless. I have shown 2 Fibonacci bands constructed from multiple trend based extensions from significant pivots. In the first band there is plenty of interaction with price finding support, resistance and reversal points at these Fibonacci points. The second band if correct will provide the target area for the next impulsive Y wave down with the most important being the primary 1:1 target @ $1.95. Regarding the primary X wave; perhaps would have formed a more common flat bottom descending triangle had it not been for the very bearish price action of NDX overlaid . The "support" horizontal provides the lower trendline of the triangle. On the 18th January NDX had a very bearish week and that has been reflected in NKLA PA that fell out of the triangle area on that day. From there the potential E wave bounced and almost hit the upper trendline despite the fall. This seems to indicate this is still the corrective X of the potential double three. At some point until the apex of the triangle I will be looking for NKLA to break to the downside to enter the primary Y wave down to the second band. Its worth noting that NKLA fast and very impulsive bullish phase came immediately following NDX previous crash bottom and NKLA wave 1 actually began during the crash on an NDX retracement bounce! This could make NKLA an interesting buy on any significant NDX bounce if it did happen to be in the desired Fibonacci band at that time. TSLA also added to the chart for awareness however it has simply been moving correctively with NDX. Both look ripe for a crash and this adds cause to NKLA heading much lower. That said, NKLA has been in a deep bear market for quite a while now and so it may have a good pop whenever NDX and TSLA bounce. It may even be a bottom perhaps. It is a risky name to buy but if all of this plays out then I think NKLA should at the very least see a phi related bounce up to 0.618 area and probably some overshoot which could approximately see a 1400% move up to around $30. High implied volatility (IV) in a crash to around the $2 could also provide an opportunity to sell LEAP puts that if put to me, I would own NKLA at expiration for $2 minus option premium. If it did bottom, bounce or even drift sideways in that area, IV contraction would reduce option value and assist my short puts to expire worthless. Not advice.
NASDAQ:NKLAShort
by dRends35
17
Nikola-NKLA-RSI and EMA IdeaFirst of all, please invest what you can afford to lose. From my point of view NKLA is a perfect example of why it is a good thing to not falling in love with stock/company. Since December 20th, 2020, Buying when RSI is at the bottom of RSI bollinger(lime vertical color) and selling when things are opposite (red vertical color) works well. I completed 2 trades already and last buy is underwater for now. January 2022 - Buy March 2022 - Sell July 2022 - Buy August 2022 - Sell (this one was great) January 2023 - Buy (but I f...d up on this. Bought at 4 and DCA'd. My average is 3,23 now.) Still holding. I would not care even if the company is over because i invested what I can afford to lose. Hope It helps. P.S: Weekly EMA 50 is also a good point to sell this stock and stay away.
NASDAQ:NKLA
by ladedimone
NIKOLA CORPORATIONThursday, 10 November 2022 16:09 PM (WIB) Nikola Corporation, a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel cell electric vehicles (FCEV), and energy infrastructure solutions, is paving the way as a global leader in zero-emissions transportation. Through a business model that will enable corporate customers to integrate next-generation truck technology and hydrogen fueling infrastructure and maintenance, Nikola and its strategic business partners and suppliers are on a mission to leave the world a better place. For more details visit the website.
NASDAQ:NKLA
by RyodaBrainless
NKLA | Time to Load | OversoldNikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.
NASDAQ:NKLALong
by DivergenceSeeker
2
NKLA - WIll See $2 🔨NKLA has been a tricky chart to fathom and why I havent covered it much but since the recent collapse it has revealed its hand I think. The last 9 months highlighted have all been forming a breakdown pattern with lowering upthrust failures. And it is a pattern that so many confuse with accumulation, butit is a continuation pattern and after holding this $9.37 support area for so long the downside collapse can be quite deep and violent. Last weeks price wicked through long range 1.618 fibonacci projection and that can potentially be a re-test before a significant impulsive leg down, or it may collapse in steps, but there will probably be a big selling climax at the end i think and perhaps that will be in tandem with a stock market collapse - we'll see. Target is $2 and I will amend this with short range fibs down the road. Weekly RSI will go oversold. Remember all those chart pointing moonships from $14 - oh dear 😱 See you at $2! Not advice.
NASDAQ:NKLAShort
by dRends35
1
NKLA - Short Sellers MarketAfter an enormous pump the herd are always looking to catch the gravy train for one more pump when the party is over and thats how this game works. Then they get very trapped but ease their conscience by buying more "knowing" the floor can't be too far away until properly rinsed, freak out and leave the market. But imagine if rather than chasing free lunch dreams a trader went short every time NKLA hit the 200MA and then sold after 30% gain how well that trader would be doing about now. Huh... 🤔 Easy in hindsight of course, but someone's doing it. Not buying. Not shorting. Not advice.
NASDAQ:NKLA
by dRends35
11
COMPOSITE INDEX Electric Vehicle Stocks TRENDING BEARISH In this daily chart, I made a composite index of electric vehicle stocks using an approximate formula weighed by stock prices but not market cap. ( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks. I did this to later check to see if there is any effect of new legislation impacting federal tax credits for electric vehicle adoption as a catalyst for price action. So far YTD, the composite at large has fallen 18.5% varying from TSLA is down 6% and LCID as an example of others is down 36% The composite will be a quick and easy way to see if the composite and so the market cap of the underlying stocks inflects its downtrend responsive to the federal legislation catalyst.
NASDAQ:NKLA
by AwesomeAvani
3