nkla quick updatenot much to say other than it is a buy zone and could potentially give is at minimum a 100% roi
thanks for your time rigo
NKLA trade ideas
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.
DOWNWARD TRENDDescending trend line for "Tecnologia Financiera Trading Course"
Stock Market 1.1
Here we can clearly see that the trend line touches at least 3 times the top prices.
NKLA STOCK AnalysisBearish Market since 2020.
In the next months it might go up again
Starting a new Bullish Major Trend
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.
NKLA on D-Chart looks Long- Making higher highs and higher lows.
- Price is moving in a range, getting closer to the top trendline, and trying to poke the resistance zone.
NKLA - D ChartBullish Indicator:
1- Made Higher Low
2- Bullish Inside Bar
3- Support found @ 2.10
4- Trendline broken
5- Harmonic Bullish Three Drives formed
NKLA is now a BUY on its way to $11The moment to buy has finally arrived. Chart has been drawn for months. Publishing
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.
NKLA LONG HOLD IDEALARGE MARKET CAP (Over 1B)
NKLA Discount 95% From Top
USD Extreme Bear Levels
Stock Recovery Imminent!
Entry Levels:
3 All Time Low
5 Deep Value
TARGETS:
7 EARLY PROFIT
14 RALLY TOP
20 MAJOR RESISTANCE
50 FULL RECOVERY
Happy Trading!
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.
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.
NKLA - like the mythological bird from which the city it is headquartered is named- CAN IT RISE AGAIN ?
The 4H Chart shows NKLA sitting on a support zone with the resistance
zone 35% to the upside. The RSI indicator shows bullish divergence
on the downtrend which has now reversed.
I see this as a low-risk long trade setup.
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.
NKLA - Watch if it can hold 6.5.5
Tested and rejected VMA again, but recent volume looks constructive for follow through. high short interest could lift this off if the range tightens above 6.5
will look for reversal candle that closed above 7.5 to start a position. I have found this to be very slippery name. Not much success in the past, so will be more cautious not to jump early.
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.
NKLA finally maybeNKLA stock has been in a perpetual downtrend pretty much since it's existence, and every time the stock has tried to hold a meaningful rally it's been rejected by the 200 day MA. Once again NKLA finds itself rallying up to the 200 day MA, the bears have stepped in every time before at this spot, it would seem like they would step in again for one final push back down to the 4s or 5s region.
$NKLA ChartJust a chart on $NKLA, as you see the bear rallies grew by 10% in the past 3 events (one of which we are in the midst of). IV is relatively low, going short Monday.
Potential uptrend for Potential uptrend for coming days.
Rai is going opposite way potential reversal
Nikola 7.13.22Trying to bottom out and break out in this shorter term structure. Overall , for me when i get extra cash and if NKLA and AG are still at these dirt cheap levels i will be loading up more. I would love to buy physical silver but sadly the prices are the same basically as premiums continue to rise. try to buy 18 dollar silver it aint gonna happen chief its 25 dollars. So for now i'm scooping up other dirt cheap plays like AG AND NIKOLA.
