NKL2 trade ideas
Dead Cat Bounce NKLA - Growth a Long Shot for the Crippled CompaEither two things are going to happen - NKLA is going to have an extraordinary leader come and forge the company through the fire and we see the ULTIMATE "rags to riches" market story. Or....the company will fail miserably. Either way, I'm shorting the oxygen out of this company until they legitimize themselves.
$NKLA REVERSAL?Whats up guys!
NKLA looks like it is setting up for potential move to the upside on the daily chart.
-Price is currently trading above the 9day and 20 day moving averages and the OBV is shooting up.
-If we break up above the 200 day moving average, (orange line) we can possibly visit the targets.
Let me know what you think in the comments!
Cheers!
-DP
NKLA PUMP IT GUYSNice breakout of this symmetrical triangle, looking for a big move this afternoon and premarket into tomorrow!
Let 'er ride!
NKLA breakout NASDAQ:NKLA breaking out from a descending triangle . ALso 20 SMA crossed 50 SMA , indicating likely institutional buying for an upcoming news . PT $30 .
$NKLA in a good BUY zone with strong catalyst. Stock in Nikola, the aspiring maker of hydrogen-powered heavy-duty trucks, has fallen far enough for one analyst.
Wedbush’s Dan Ives upgraded the stock to Hold from Sell Sunday evening. His price target went to $25 a share from $15.
Also President Biden is focusing on more EV sector. One of the top EV sectors in the US NKLA corporation.
ALWAYS THE RISK SHOULD BE CONTROLLED.
Shorting NKLA - 1st Feb.I'm thinking to short NKLA today in case it doesn't break the support area over 25$, for a drop to the EMA200. The stop loss would be around the 26$ support area.
01/28 NKLA - mid-term investing idea Hi all,
NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here.
Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area).
There is a high potential that this stock will go above DTL 1 and retest it, and go above.
This stock currently presents very good RR, SL should be placed right below 50% fib level.
The first target is $38, but it will probably go above and beyond.
NKLA SHORT 1/28Inidicator was up at the red circle letting us know that the rally has came to a halt for the time being.
NKLA - Nikola Descending TriangleHi guys,
So I've noticed this Descending triangle since about late December. Currently with NKLA recent uptrend, its currently battling with this descending resistance trendline. The downtrend began after its blow off top in June 2020. Normally descending triangles are bearish continuation patterns. But sometimes it can act at a reversal pattern if it breaks the descending trend line.
With that being said, the support line only has 2 touch points which may call for more touch points. Hence drop down back to support line.
Volume is extremely important to keep an eye. To trade triangles, you need to wait for confirmation of a breakout outside of the triangle with a candle close outside. To measure potential price targets measure the base of triangle and put it to the down trend or uptrend.
Ive also added RSI which seems to be printing lower highs currently. As shown by the trendline added. Also Stoch RSI is flirting with the 80 level, which may indicate overbought situation. These may indicate not enough juice to break out of triangle to reverse trend.
Please let me know what y'all think. Advice or your insight would be appreciated. Thank you and goodluck.
NKLA, MORE TO COME ?God loves triangles so lets keep using them till they stop working! Breakout above the resistance indicates that we are continuing this bull run. Our indicator this morning was the breakout of the huge descending triangle. Lets wait to go long for another breakout of this symmetrical triangle forming circled in white.
NKLA Gap Fill ReversalNKLA has filled its large gap in chart and has run up to the top of the range. Now that the gap has been filled, i'm expecting a gap fill reversal to take place pushing this back to the 23 range.
ABC BullishVolatile and we all know this one can be sliding right along, then a shred of bad news hits and it is back at the bottom...
Short interest is very high at 33% plus epending on where you look, but sometimes shorties accidently push price up then they have to cover their short so increases buying, hence the price..
OBV is perking up and NV is flat indication smart money bout this at bottom of 10.35..as soon as rally up began the negative volume (NV) started going flat. That does not mean they will not buy again on pull backs...so they are probably not buying today (o: Negative volume represents volume on down days where positive volume represents volume of up days, which is usually the general public..
ABC patterns are a measured move down and considered a corrective pattern. D is the target and it is best to get out at D as the whole cycle starts over again which would begin with an impulse down. The longest wave in a harmonic pattern is called the Impulse wave. That is where you start your pattern at. It is obvious where the impulse wave is for NKLA.
C can not be below A in this pattern. Targets are calculated off the length of the AB leg using fib levels. 0.382, 0.618 and 0.786 are usually targets 1. Anything above that are icing on the cake and are usually target 2. The stop goes below C, or if the stock has moved away from C quite a bit, the last pivot low can be used as a stop..You can either put a fib level indicator on your chart or Multiply the length of the AB leg by these fib levels to get your targets. Long entry is when price breaks the BC leg in an uptrend and this can be subjective..ABC is a harmonic pattern as it repeats itself over and over in the market. There is also a bearish version.
When a stock falls as low as this one did, there will plenty of folks stuck overhead who are at their own individual Maximum level of financial pain, so they will sell every chance they can to get a better exit price. Imagain you bought this around the top and how you would feel. Most have probably been stopped out or sold to relieve the pain, but there are most likey still folks hanging out up there that will sell every chance they get..
Long term investors would prefer a stock that has less volatility and one that possesses a long term uptrend, although these have small corrective patterns as well. To find the long term trend, look at the monthly, at least 20 years, and I look at the 3 year weekly as well for a more recent snap shot of how the security moves in the long run. You can also find support and resistance you do not see on smaller time frames like daily, hourly, etc.. I like long term uptrends as well as I do not have to worry so much when a pull back occurs. A 20 year uptrend is likely to continue, but nothing is a given..
Buy red/sell green..
Not a recommendation..
Move back to the 200 day moving averageI have been doing this for nearly 25 years and I try to keep it simple. I look for two things:
1) a catalyst that can send the stock higher or lower and
2) a high potential technical signal
Catalyst
NKLA is in the EV space and right now there is a ton of money flowing into this space. They also have a watered-down deal with GM who has just announced they are going full throttle in electric vehicles. This alone should send the stock higher.
Technical
7-day MA average crossed over signaling a buy and I am targeting a move above the 200-day MA to $25 (representing approx. a 17% move). At that point you can close the position outright or take half off and let the rest ride.
NKLAEveryone told me this thing was going to $0. Personally I wouldn't be surprised to see this at $100 this year, especially if this crazy market keeps up.
Buy $NKLA - NRPicks Ene 24Nikola Corporation operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company also develops electric vehicle solutions for military and outdoor recreational applications. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona.
Technicals:
- Price level SMA 50d
- Vol pattern (Dec 28 - Jan 13)
- Psychological price level to $20
- Potential cross 20MA - 50MA
- Potential upside to $25 - $30
NKLA Breakout Upside Target $102NKLA backed by an extremely accommodative administration when it comes to renewable energy will surge beyond $100 once it breaks out of this downtrend line. This is a hidden gem that has not had the spike like almost nearly all other renewable energy stocks like BLINK, RUN, TSLA.
The time is coming - load up now before you miss out on the coming surge.
NKLA POSSIBLE BREAKOUT SOONThis is the fourth setup of this pattern, if history repeats itself then I believe this is about to breakout for a 10-20% day within the next week or two. Depending on which day it takes off, we could see highs of close to 26 per share. I want to see 23 EOD 1/26 and for it to hold into 1/27. This is a short term bullish move and unless we breakout of the descending triangle I will not change to a bullish stance in the long term.
