nkla detailed video analysisa demonstration of how powerful the fibonacci retracement tool can be if used correctly
thanks,
rigo
NKL2 trade ideas
ADDED to $NKLA Target 18.81 for 37.80% $NKLA Target 18.81 for 37.80%
Or next add level at 9.91
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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.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 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.
ADDED $NKLA NEW Target 19.42 for 36.19% $NKLA Target 19.42 for 36.19%
Or next add at 11.82
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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.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 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.
NKLA potential bounce next weekIt's been a couple of weeks but nkla has acted about how i expected, the double top pattern has played out and the price action respected the pattern. Now that it has played out i'll be looking for a bounce on nkla, i'll be watching the 13.65ish level for a bounce, if it bounces there i'll be watching 14 very closely for a trend reversal. Unfortunately for the bulls i'm not sure 13.65 provides enough of a bounce to push this stock up over 14 and reverse, so more then likely it'll be a failed breakout followed by more selling off. I'm as bullish as anyone on this stock but it's hard to envision a scenario where this goes up in the next month, i wouldn't be surprised to this stair step down for another few weeks before finding some real support. I feel like we could see 12.50 or possibly 11s before we get a true bounce, i'll have my next buy lined up in the 11s or 12s if it gets there. There's more selling to go but eventually it will relent and the bulls will send this higher once nkla gets the tre's on the road. Stay strong bulls.
🟢 Added to $NKLA Target 19.91 for 34.98% (Risk Level - Med)🟢 Added to $NKLA Target 19.91 for 34.98% (Risk Level - Med)
Or double position 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.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 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.
🟢 $NKLA Target 20.93 for 32.72% (Risk Level - MED)🟢 $NKLA Target 20.93 for 32.72% (Risk Level - MED)
Or double position at 10.61
I also have an open buy order at 13.74
I posted this one yesterday but they I got the dreaded 24 hr TV flag restriction 😬... haha... it's ok...
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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.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 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.
Nikola Hit support of past bounce area. If we can clear 16.45 that would
Be excellent. I did short it up in the 18s I closed a hair to early but I am looking to add some to a long here with stops pretty tight
After a solid run NKLA is looking to be consolidatingNikola has been selling off recently and i think it has a good chance to continue, Hanwha which was one of NKLAs early investors has been selling alot of shares recently and they'll have even more to unload, they might sell up to 11 million shares before december 10th if the price is high enough and volume requirements are met. Hanwha had this plan since march and waited until the stock price was higher to sell, so this isn't a bad sign imo. Now until those 11 million shares get bought up i don't think nikola moves up past that 18.50-19 resistance area. Also something to note, Hanwha sold 2.9 million of those 11 shares from june 9th-28th. There will be more selling so i'm looking to see if nkla backtests 15 and if it does i will add more to my position there.
nkla updateNKLA has been looking nice as a of date, it's fair to wonder if nkla is setting up for a retest of of 18.60, if nkla can keep it's bullish momo then i think it could break out after clearing that level. conversely failure to break that level and nkla is gonna backtest 16.80s. i suspect strong buying if we get to that level, it could be a nice spot to grab some weekly calls and try and swing those for a quick trade.
Spec Idea: Nikola (NKLA)Watch Nikola: The market trying to push it through the $18.70/18.80 zone. A push above this zone sees the $21.30/22.60 area open as a target.
Stop: $17.05
Current: $18.59
Alternatively, consider call options.
NKLA Harmonics: Let's Ride!It appears that one could possibly pick up some NKLA at 12-13, hold it for a few months, and double their money at around 25-27 dollars. Good luck, trade safely, and let's make that money!
This is the move that i was looking for #NKLA +60%Got stop out on the first trade but the second one healed my wounds and brought an extra $ .
NKLA still looks long but wait for a pull back
Where are we going this weekThe price action on NKLA has been generally down for this month since the massive breakout. I expect the decline to continue even more here as NKLA has a gap to potentionally fill around 15.80. If that gap fills this week i'll be looking for a bounce up to the 17.20 area. ideally that gap fills on monday or tuesday and i can enter some weekly 17c and play the bounce after the gap fill. However if the gap fills and the selling continues i'll be looking to sell calls against my shares, we could easily fill the gap and test 15.40 and 15 pretty quickly. I expect a volatile week in price action in either direction, this stock has been a great one to swing lately so trade swiftly and stick to your plan.
Small "gambling" position ( call options)NKLA looks bullish and possible breakout to $21-$22 level. So, the idea is:
Buy call option strike $19, expiry: June 25th @ $0.10
Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
NKLA: Chart Reading June 2* this is a pure chart reading (analysis) for NKLA and expected scenarios based on price and volume action and what the indicators tell us - has nothing to do with the fundamentals or how the business itself is doing.
Daily Chart:
- NKLA has accelerated in the past few days with (couple of days showing) large % moves supported by big volume (almost 2x daily avg)
- NKLA has been moving within a steady channel for the past few months
- in this channel, this will be the 6th attempt to break the upper channel line
- indicators showing a move to the bullish side for momentum, sentiment and net volume - but that has already happened in all the prior breakout attempts - doesn't really mean a big deal
Price Projections:
- measured move (based on price structure) target #1 was $16 - which was hit last week.
we see how the action hesitated once that target was hit
- The next measured move goes up to ~ $21.6 -- that's 22% from where we closed today (Wed June 2nd) - that's our scenario #1
- is this target too far: given the recent big moves, and how NKLA accelerated towards the $16, it can take only 2 "big days" to get to that next target
--- *BUT* if we look at the prior breakout attempts, that move may fail - it really depends on how the bulls act at this level, and if more buyers continue to come in more that those who are shorting or cashing out .. so scenario #2 is that NKLA goes back into the channel
the good news in both scenarios, is that some action is happening - it seems many traders got stuck with NKLA and were considering it a "loser"
weekly chart:
- the weekly shows that the "weakness is fading" - rather than "strength is increasing" - so we're not really in bull territory yet -- may get there if the strength continues for couple more weeks
- the weekly chart does a better job in showing the priori breakout attempts
Active positions in NKLA will need to be watched very closely and managed carefully.. this is a very volatile landscape.
good luck!
NKLA Squeeze Spark PriceNASDAQ:NKLA
20$ - The Squeeze Spark Price
A successful squeeze is all about breaking shorts stop loss buy orders..
Demand Momentum (buying) is required until reaching the first spark price, then it will autopilot to the moon,, but where is that spark price ?!
Will need to analyze the Short Interest (SI) activity compared to price..
Analyzing the Short Interest history,, it increased from 17.71% (26Feb) up to 36.06% (30Apr)
www.nasdaqtrader.com
Dividing this period into 2 parts:
Part 1: 26Feb to 31Mar - SI 17.71% --> 23.36% with Price dropping from $20 down to $13.xx, so Stop loss limits would concentrate little bit higher, range $20 to $25
Part 2: 31Mar to 30 Apr - SI 23.36% --> 36.06% with Price dropping from $13.x down to $11.xx, so Stop loss limits would concentrate in a range of $15 to $20
Why is the strong resistance near 20??
Just an Opinion, not a financial advice!!
Call option idea ( hero or zero)I know this company is worth nothing and might go bankruptcy, but apparently the Hege funds are betting too much (short side) . They are shorting more than the actual float using naked short and synthetic shares ( I guess, cuz no way to find out the real short interest ). Also, the weekly chart showing some reversing signs.
So, this stock is a good candidate for a gamma squeeze.
The idea is : buy a call option strike $25 expiry July 16th @ 0.55
Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
