NKL2 trade ideas
NKLA to $24NKLA shows some signs of a reversal. I am eyeing the top bollinger band @ $24, as a price target.
This move could happen within the next 4 weeks, I will buy a few OTM calls.
Thanks for viewing!
Nikola "NKLA" The EV rally? Where has EV recently gone, seems like everyone thought that EV stocks would go to the moon after governor Newsom announced that he will aggressively move the state further away from its reliance on climate change by issuing an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035 and additional measures to eliminate harmful emissions from the transportation sector. That gave NKLA a 134% boost within a month and shortly after it has been in a spiral downtrend. Very interesting all that time all price did was go from levels of Market Profile Demand and Supply to bearish continuation patterns. After 5 months of price continuing downward a very well known pattern has finally shown up, an oldie but goodie "W formation, BULLISH REVERSAL PATTERN or Double Bottom". For those who have never heard of it, it is one of the most known patterns and I have displayed a picture on the ellipse that illustrates how it looks. This pattern consists of a price entry from above with support at the bottom, followed by price hitting its head on resistance just to come back towards the level of support (creating a double bottom), where price finally rallies and breaks out, followed by a throwback WHICH IS WHERE PRICE IS CURRENTLY AT IN NIKOLA, and finally the continuation phase to the upside. The more candlestick or western indicators that merge together at the same support the more likely a reversal. That is what is currently occurring with Nikola. So many indicators have merge together giving MAJOR CONFLUENCES. Indicating to me that I must be BULLISH. Bought $30 LEAPS for 2$ bucks, this is a major LOTTO play. Manage your own risk and do not risk more than you can afford.
Excellent long term opportunityGreat entry to go long on this beat up stock, earnings were positive and these low prices are a bargain for the breakout coming.
NKLA looking good for continuationNikola has respected the levels to this point. If it can bounce tomorrow then perhaps a retest of 14 could happen and happen quick.
Let's short NikolaIs Bitcoin a scam? I don't really know, but Nikola is a scam.
Lets short this stock instead, to be on the secure side!
$NKLA Target 20.93 for 32.72% $NKLA Target 20.93 for 32.72%
Or next add level is at 10.61
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Trend ReversalLooks like a trend reversal if it holds above $12 fibb level
Enter $12-$12.5
Profit taking >= $16.50
Time Horizon < 20 days
Stop Loss < $9.35
NikolANikola, we’ll hated stock and company. However buyers are here. I saw the breakout I played some calls and closes them where I expected resiatnce. However. It’s at a critical level here. If it can actually consolidate between 12.08-12.13 levels and flip to new support, it could actually have some interesting upside
Nikola - Backtest Done Hi, this is my new update for Nikola. Nikola is down 10% in the last 2 days, but nothing special has happened, we are only backtesting the top of the double bottom and everything is showing that the support level $12.40-12.50 is going to hold. I expect we are going to break the resistance $13.60 next week and we are going to set a new higher high. So be patient and don't PANIC, Nikola is BULLISH ;)
NKLA: Is the Bloodbath Over?From its height of $94 in June of 2020, NKLA has certainly seen a beatdown since then. We've reached NKLA's original levels before the bull run. For NKLA today, $13 is a critical level of resistance. Let's rewind the clock again: we broke through $13 in April of 2020 and bounced off of the same level, which was when our NKLA rocket took off. The same level was tested successfully in December, broke through in April of this year, had a failed retest in the same month, and now we are approaching this level yet again. With an ascending triangle forming (yes, this is my favorite pattern to trade for breakouts), this can see another quick surge to the upside. We have a little room to fill until then, but keep an eye out for one number: $13. Set an alert! It's also worthy to note that on April 22nd, NKLA had a daily volume of 82 million near the $10 mark. NKLA also busted through the 20/50 MA on the 4-hour timeframe and is now hovering above these MA's. Does this mark the end of NKLA's bloodbath?
NKLA updateSo as we can see NKLA rejected the 12.60 area, i'm sure the bears will defend this 12.60 line as much as they can. That being said the uptrend is looking good for continuation and retest of that 12.60 area next week. A break above 12.60s and we could see some potential short squeezing in this stock since NKLA has been shorted at a high rate for a very long time.
Still not out of the clear* Warning While retail bagholders had a breather, Nikola managed to jump nicely in the few days. However, with rising inflation amid tech stock sell-offs NKLA may drop to 11$, before it resumes an uptrend.
Anything is possible. Also lots of Articles out lately warning of NKLA's SEC and DOJ investigations. Analysts have also slashed the forecast while no hedge funds are in. The stock is 25% retail owned.
Play with the trend.
Overall long term trend : Bearish
Short term trend : Bullish
Use a tight SL and safe trading!
NASDAQ:NKLA
Huge falling wedge trend reversalLooks to me like a massive falling wedge, indicating a bullish trend reversal coming through a breakout within the next days. What are your thoughts?
$Nikola reversal possibility with cypher harmonic patterncrab harmonic pattern:
3-4=0.61 X-3
4-5=0.38 3-4
tp1=2.6 4-5=$10
It could be a sufficient target because it makes a reversal cypher at this price with a high volume
tp2=3.6 4-5=$5.27
tp3=1.6 X-3=$4.33
cypher reversal:
AB=0.38 3-A
BC=1.41 AB
tp1=1.27 BC=$41
tp2=0.78 XA=$62
tp3=2 BC=$94
Is this a real bounce on NKLANKLA has now sold off into it's premerger SPAC levels, the $10 level held this last week during earnings on the heels of good news. If NKLA can hold the $10 level this could be a potential bottom for a stock that has been getting beat up for a better part of a year. Is this finally the time for NKLA or is this just another opportunity to sell calls against my shares?
NKLA Back to SPAC Pricing.. Ring the Register on Our Short CallNKLA was recommended as a short opportunity here in early September in the $35 area. We suggested banking a piece later that month in the $25 area, but staying involved as a long-term short. As the stock gets back to the SPAC b/e price around $10. It could go lower. But it may find some upside volatility here, so we would ring it.
NKLA - ELLIPSIS analysis, TP 200 EMA close, 15 SMA crossHi shorties, and longs.
In my opinion, NKLA entered short term uptrend today. For the first time since January, NKLA crossed 15 SMA while being in the downtrend.
The relative volume shows buyers. Sorry shorties - I think you had your time and your time will come again :(
The last time NKLA crossed 15 SMA move lasted till 200 EMA cross. It happened two times already, and you know what. History likes to repeat itself.
Today candle retested 15 SMA and nicely rebound confirming uptrend move at least for the next swing. (15?)
Take a look at key elipsis point for better understanding. Ugly but shows basically my speculation thesis.
The stock had also MACD bullish crossover today.
Good luck to longs this time.
