NKLAQ trade ideas
NKLA hasn't broken channelI am long NKLA for the next few years, but based on the chart I'm seeing I haven't found a buy entry (yet). NKLA has an intent to buy from Saia of 100,000 trucks over the next 4 years which is promising, but only 25k of those trucks are going to roll off the assembly line this year if the contract gets signed. Another thing to consider is where the stock is now. NKLA has settled at a support area which is where it was when this stock IPO'ed which is also promising. However, if this support can't be held, we may see this stock slip to the 3.618 fib retracement level at $7. I am personally waiting until the descending channel is broken before longing this stock.
Not financial advice
NKLA to the moonNKLA has settled it's legal problems. They have started delivering electric semis to customers. The customers like them. We see a falling wedge, with a hard resistance line showing the bottom. We see increasing PVT over with a falling stock price. People are starting to realize Nikola is delivering trucks. High volume day #2. The bull run will be epic. We'll hit $12.30 by January.
NKLA: Descending Triangle Nikola Corporation - Intraday - We look to Sell at 13.54 (stop at 15.24)
We look to sell rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 13.50. Previous support located at 9.00. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 8.96 and 8.10
Resistance: 12.00 / 15.00 / 20.00
Support: 9.00 / 8.00 / 7.00
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NKLA possible big move / squeeze approaching ?NKLA summary 12/23/2021 1) Highest volume since April. 2) High DP volume, mainly around $11. 3)Ortex squeeze rating, HIGH short interest 23.21% 4) $13.24 billion in calls vs 7.33 in puts today . 5) POC/volume shelf bounce , double bottom bounce, 6) Daily MACD crossing & going green
Will you buy Nikola shares ?read latest article here
Those who bought during the high at 60-70 dollars are now crying to the bank as they witnessed the value of their shares eroded over time.......They will have to sell at a loss or wait for a super long time before reaching their entry price once more.
Stocks that rise 90 degrees up usually falls harder (when they do) but many retail investors have no idea and simply follow the crowd thinking they are going to make big bucks from the market. Ignorance is not bliss in trading/investing. Your money is YOUR money and thus it is YOUR responsibility to DECIDE how to use it. Just because someone said it is good (including WB and all) it does not mean you should follow blindly. WB has tons of cash and a team of analysts to help him sieve out the information. Do you ? Losing millions is peanuts to him , how about you ?
NKLA Uptrend Upheld So FarThe shorts took a shot at sending it back down to below 10, but the trend line held.
The sentiment towards NKLA is changing.
Rivian has all the headlines at the moment, but guess who else is getting a plug every time Rivian makes a splash....that's right, NKLA.
More and more people are watching NKLA now, Rivian just stirred up the pot a little more.
The most recent news about Milton is annoying, but it does not seem enough to change the overall sentiment.
Sorry my targets keep missing...the overall picture is encouraging though.
NKLA HiccupMilton's debacle has reared it's head 1 Final Time.
This was enough for extra shorts to jump in.
I believe its just smoke, a final opportunity to load up before a massive run.
This will cause previous prediction a delay.
This current chart is predicated on some more positive PR to come.
I expect this to fall to around 12.30...shorts will get too nervous around this point (not enough profit left on table), longs will take back control.