Well Nikola is a classic example of what happens when a scam gets too big. Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla. Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate...
With the Hindenburg short accusation report against Nikola, the price of the NEL stock has come under pressure, indicating a possible double top pattern and putting the subsidiary offering in doubt. The stock need to protect the last major support level at around 17.5, or the clearly visible gap in the volume profile will come into play as large amount of recent...
On the 15 minute chart, the BB are indicative of a nice squeeze between support at 30.64 and resistance at 32.78 (which was Sept. 4 previous support and is now current resistance). On Sept 8 with the news of a partnership with GM, the stock surged from 35.63 to breaking through previous resistance of 37.32 to 54.50 in a day! I always say "what goes up must come...
Hello Traders, NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam. Well...there's a lot of those in the stock market. We are NOT another NKLA shill...we simply trade the charts. Let's take you guys back to early August when we entered our trade (3-6month swing...
Nikola Stock Analysis - Nikola Corporation stock forecast today (week 07/09/20) - NKLA Stock Analysis - NASDAQ:NKLA Electric cars Market seems to be in retracement stage, hence the best option is to hold and wait the end of the price set back before buying. Technical analysis: Based on technical analysis, the idea is to hold the end of the price retracement...
Nikola, daily timeframe: Mirror level + Support line + Breakout of resistance line + Price holding on these levels
Based on technical Analysis, there might an opportunity to go long - prices moving inside a channel
For reasoning view my previous nikola posts.
NIKOLA's CEO Trevor Milton is comeing out with gigantic claims about their company. There is not enough visibility/evidence about these claims to any investor. NIKOLA's rotten core wil slowly but surely reveal itself within the comeing months. Bulls will be holding back and sensible people will sell the stock before Trevor Milfred can prove anything real. SHORT
I don't see any big investors rallying in before they see alot more than what Nikola has delivered so far. They're 2Q revenue of 30k came from excecutive member buying solar panels from Nikola :D... Cathy Wood publicly stated Nikola is headed to 0 in their view. My bets are on 1 and 2... Cheers!
Looks good so far. ~36 turn bearish for this small impulse
Earnings 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.
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
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...
Looks good from previous impulse and correction to this most recent jump.
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.