01/28 NKLA - mid-term investing idea
Updated
Hi all,
NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here.
Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area).
There is a high potential that this stock will go above DTL 1 and retest it, and go above.
This stock currently presents very good RR, SL should be placed right below 50% fib level.
The first target is $38, but it will probably go above and beyond.
NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here.
Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area).
There is a high potential that this stock will go above DTL 1 and retest it, and go above.
This stock currently presents very good RR, SL should be placed right below 50% fib level.
The first target is $38, but it will probably go above and beyond.
Trade active
Trade closed: stop reached
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