1NKLA trade ideas
Nikola still bullishEarnings took it for a ride. I still like the setup and the profit/loss ratio is looking good for me especially if we see some more draw down.
NIKOLA - Short As Soon As Possible. The last analysis I did for Nikola was 2 weeks ago and I told you guys, if you want 20% profit buy Nikola and we saw it went up from 30 to $38. Now I think this is the moment to short because the next stop is 200D moving average (23) if the support level at 30 doesn't hold. GOOD LUCK
Nikola Long A bullish downtrend for Nikola. Broken out of original uptrend however has a strong current bullish downtrend to get into original uptrend.
NIKOLA in MEGA Bull Flag! Steroid injection Coming?For those who havent taken profits from Nikola's awesome earnings day, Nikola might be in a mega bull flag on the daily. Since June, Nikola has been slowly sinking downward and has hit close to the bottom. Today is the first day Nikola has risen outside my wedge formation and it looks like it needs ONE more down turn before it springs up like a mad man.
Up above Nikola still needs to gap fill by at least around 48 dollars where likely I will take profts but leave some in to hold to see if it will explode higher up to 78 dollars where another gap is at. But don't count on that necessarily. It might take months to climb to that area. Either way, Nikola is only a few days to a week away from spring loading one last time. So if you still have your Nikola from the bottom, awesome! If not, you may get one more chance to scoop some when it bottoms out before a possible huge shot up.
NKLA Testing the breakdown support trendline I was expecting it to test the break of the support trend line much sooner then it played out, but it did play out. Interesting to see which way it goes here.
NIKOLA CORP Hydrogen truck to buy , wedge consolidation overNKLA trucks hydrogen growth stock
Time to buy after consolidation
Waiting fo a new impulse
long with tight stoplosssitting on support
not going to have good earnings
all depends on guidance outlook for the remainder of the year to get people excited about the company again
NKLA Swing Trade (Long)Noticing some bullish divergence on NKLA (MACD). Specifically the 1 hour chart showing signs of a possible reversal. If NKLA can get above 37.50, it should precipitate an upward move.
NKLA, GBTC, CRON , FUV, LVGO , NWO review todayreviewing a number of stocks.... keep your eyes, open, send me some good setups if you see them, cheers, Rick
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
NKLA, a sample chart to show 3 kind Gaps -- Analysis onlyAnalysis of Trend and Demand/Supply is the basic step to understand Gap correctly.
1. Breakaway Gap
Normally, Trendline break by Breakaway Gap
2. Runaway Gap (40% - 50% of whole trending range)
Normally, Gap over previous demand/supply zone
Normally, there will be a consolidation after Runaway Gap.
3. Exhaustion Gap (Near the end of a trend)
3.1 Gap into/near an high quality demand/supply zone.
3.2 Gap into an higher time frame demand/supply zone.
3.3 If it is new high, use FIB extension# to estimate the target.
I didn't have enough trading records to show the number of Runaway Gaps which completed the other 60% range.
"About 40%" is what I learned from a professional trader.
My trading samples of using Runaway Gap in tradingview ideas:
WYNN Long 4/2/2020 -- the other 60% range target reached, I closed early, small winner
SQ Long after trend line break by breakaway Gap 4/6/2020 -- the other 60% range target reached
ABT Long, demand zone confirmed 5/15/2020 -- the other 60% range target is not reached. Small winner;
ROKU Long, Double Bottom 6/8/2020 -- the other 60% range target reached
PEP Long, Uptrend consolidation 6/9/2020 -- the other 60% range target not reached, small winner
AAL Long (Add to winner in up trend) 6/10/2020 -- this is a loss
I am not a Pro trader. I need few months to work on rule based trading strategies.
Thank you for your support, and comments. Please use SIM/Demo account to try my ideas, until the trading plans get high winning rate consistently.
When a support becomes resistance Easy to see... until next time!
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NKLA Support level regardless of the short downturn.Once the news hit the market the share will reach new hight.
