NKLA can this EV penny stock stop the cash burn/ News LONG
Updated
NKLA on the 120 minute chart has been in a falling wedge pattern and had the news of
hydrogen stations ready to go in the all important California market and now printed a
countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further
shareholder dilution? Is the board protecting the interests of shareholders ? While this gets
figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term?
I intend to find out.
hydrogen stations ready to go in the all important California market and now printed a
countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further
shareholder dilution? Is the board protecting the interests of shareholders ? While this gets
figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term?
I intend to find out.
Note
Zoomed to 1 minute and percentage scale for intraday trade.Trade active
NEWS again finance.yahoo.com/news/nikola-celebrates-grand-opening-first-220000392.htmlNote
NKLA had a nice dip after the morning bell as a buying opportunity which was bought up quickly and then sideways to end the trading week. The hydrogen station in California doing its thing for the new big rigs. Note
Big move today. 25% of the position closed. Watching for a pullback to add into.Trade active
NKLA had a great day- has been coiling accumulation the pump is on. No surprise if shorts cover. Buckle up. The big rigs are rolling in California ( not downhill from gravity) Cash fire is getting a sprinkler.Trade active
NKLA has continued higher. Algo forecasts a top now. will take the remaining 75% offon Monday with a profit expectation of 50%
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