Bottom FishingDid NKLA find support despite the bad news that has been thrown at it? Has fallen more than the norm if this was a parabolic arc pattern
The percentages on the chart are related to the average percentage a stock falls after the ARC pattern and NKLA's price at each percentage
I thought about it and odd that GM would have invested in it if it was that awful of a company.?
Makes me wonder if competition could have thrown a lot ob NKLA to slow them down..lol Politicians do it. Companies may do it as well
Who knows?
I hate this label..I hate the label Parabolic Arc..because it will look like one then it blasts off again! PTON looked like the ARC, but still gaining.
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This one is not despite good nes , then bad news etc Volatile yes, but I have been afraid to touch it and I am not sure it would have mattered what the news was if it is indeed the P arc pattern
Most return to 50 to 62% of their rise in correction mode. 50% would have been 52ish and we are past there, past 62% as well. Where will she land?
I am guessing 28.3ish??? lol I have no clue
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This one is not despite good news , then bad news etc Volatile yes, but I have been afraid to touch it and I am not sure it would have mattered what the news was if it was indeed the P arc pattern
Most return to 50 to 62% of their rise in correction mode. 50% would have been 52ish and we are past there, past 62% as well. Where will she land?
This one fell almost the whole way/over the 89% mark but not to 100%
I am cautiously long with a stop and see how she does. There will be R on the way up, this I know. NV is picking up. Short interest remains high. Risky!
If she bombs tomorrow, I will be sorry I wrote this..LOL
Not a recommendation
