NKLA - is the bottom in?
Updated
Been watching this one recently.. and it appears we may have formed a bottom. A bearish crab (micropattern) just completed at the bottom of what appears to be a bearish shark (macro pattern). There also seem to be overlay shark patterns.. so the price pump potential could be very nice here. This is a very early call- but lets see if NKLA can rebirth itself. If the patterns hold true there will be fireworks. The only thing I could say is get in early and hold on. These patterns tend to be very subtle and then skyrocket with very little warning.If price continues downward- well.. there is always tomm. I entered in around 11.74. The target shown here is a very low intermediate level. The ultimate target is well above into the 30 dollar range.
Comment
Silver prices and equities shot up across the board- not good for this one. Looks like we go a bit lower.. but wouldnt rule out the bottom being near the area. Patience.Comment
Some good consolidation at 10.65 area... looks like there may have been a micro bearish pattern to breakup the charts- early advance up..but the pattern could bring us back to 11.85 region to resume that upside call- if pricing action holds at 10.55-10.65Trade closed manually
Busted- move downside.Comment
Consolidation may take place this week- will continue to monitor.Comment
Better support at 10:26... if reversal in the am this may bring new life...Comment
NKLA is extremely oversold.. we often see this when stocks are getting ready to moon- shakes out the weaker hands. I am going to create a new chart.. because there is something brewing here.Comment
Looks like we are back boys!!!Comment
NKLA been holding well past couple days at 12:40 mark.. barcoding and this is also showing the presence of a bullish shark pattern- hopefully to bring much higher prices in the 14.00 range to help solidify this long call.Comment
NKLA could sell off to complete the new harmonic around 10.61
Moorsc0de aka Crypt0nomics aka Zaphkiel
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