$NKLA there is no denying it's bearish setupIt pains me as an early VTIQ investor to say this, but the chart isn't lying. The TA shows an extremely bearish set up, with support around $33. Decision time for me on whether to sell warrants or not.
VTIQ
Houston Is There A Problem? - Nikola (NKLA)No discounting the fact that early buyers SHOULD BE doing the Scrooge McDuck dive in their gold coin swimming pools right now. But after looking through the hype, is there a true, near-term catalyst here? Is this a moon launch or just the top end of a bungee jump? Just a look at the filings raises some really good questions.
“Even if we are able to successfully develop and sell or lease our trucks, there can be no assurance that they will be commercially successful. Our potential profitability is dependent upon the successful development and successful commercial introduction and acceptance of our trucks and our hydrogen station platform, which may not occur.”
Quote Source: Is Nikola Corp (NKLA) An Overpriced Penny Stock Or The Real Deal?
DANGEROUS Play Paid Off! - 06/01/20 RECAPHi traders,
On Monday I had only one trade and a rather risky one, that's why I preferred to take some profits early.
How did you do?
Trades:
1) VTIQ - LONG @31.10, +1.37%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.37%
Total PnL for the week: +1.37%
Good trades,
Tom | FINEIGHT
$VTIQ Closes Evening Star Gap to Signal Register RingingVTIQ is a stock we profiled a couple weeks ago as a bounce play around $22. This is the prospective competition answer to Tesla (TSLA), and the stock shows that character. That said, we have closed the "evening star" candle gap and it's time to exit stage right with the 20-30% gain.
VTIQ merger to become NKLA!!!www.tradingview.com
VectoIQ Acquisition Corp. Common Stock, also called VectoIQ, is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on searching for prospective target businesses to acquire.
This is a very popular pick up and has been a confirm on the rumors that VTIQ will become the public IPO of NKLA ( Nikola ) NASDAQ:TSLA only Competitor in the market. They will be continuing to climb until June 3rd when they switch the IPO over to NKLA and your shares will be transferred over the price it is at when they switch.
My suggestion is to continuously roll up your contracts in case of reverse stock split even though i'm waiting back to hear if this is going back to happen. Looks to gain about 25- 32% everyday!
- GC MAGIC OVERLAY is starting to split even more on the 1 hr time frame signaling very high momentum.
- STOCASTIC RSI is signaling over sold but that's stating the obvious.
- MACD has had 2 small red candles in 3 days.
- % TARGET to be estimated to hit around the $36+ strike might take a dip for a good entry around the current R4 support line
$VTIQ Pulls Back to Fib Zone as Nikola Narrative Heats UpVTIQ is the public-market vehicle for the introduction (through M&A) of "Nikola Motors" onto the major public exchanges. Nikola is considered to be a potential TSLA rival. Shares blew up in early May, and have retraced back to the Fib support zone, with some bounce potential for a $27.50-30 retest trade.
VC money valuation at $3.3B results in $100 price per share Private VC money valuation for Nikola Motors at $3.3 Billion should result in a price per share of $100 after the merger. (With 29.64M shares outstanding, at a $3.3B valuation given by ValueAct Capital and Fidelity, this comes out to $110 per share)
