Nikola is falling true it's support like a beer down my throat. I don't see why it should stop falling here. It might have a little bounce towards the blue MA, but after that I believe it will go down further, testing the pink and maybe the yellow MA. That would be around it's previous high.
After that I believe it will put on it's rock climbing shoes, because Nikola is here to stay, and might use the climbing ropes that Tesla left hanging on the walls.
After that I believe it will put on it's rock climbing shoes, because Nikola is here to stay, and might use the climbing ropes that Tesla left hanging on the walls.
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If NIKOLA can stay above the brown support line, it could bounce from there. Keep in mind the market seems to be selling of. So be careful entering long.
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you could consider making small entries here with a stop loss.
It touched the pink MA, a good indicator for a bounce. Still a possibility thing will drop further.
It touched the pink MA, a good indicator for a bounce. Still a possibility thing will drop further.
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Still trading inside a downwards channel. Need to see price break out of this channel.
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We broke resistance. Looking for some upwards action from here.
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Chart above gives us a look at the possible targets.
RSI looks strong, there's also a shift from bearish to bullish momentum.
I have to point out that strong resistance is hit at the moment, so need to be careful, this could have one more roll-over downwards, but to be honest the charts looks strong, and myself I'm anticipating a strong day up somewhere this week, breaking through that resistance.
RSI looks strong, there's also a shift from bearish to bullish momentum.
I have to point out that strong resistance is hit at the moment, so need to be careful, this could have one more roll-over downwards, but to be honest the charts looks strong, and myself I'm anticipating a strong day up somewhere this week, breaking through that resistance.
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This is still looking beautiful
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Higher Highs taking us to a moonshot before the end of this year
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Hit the lows, best entry was around 17, if you're looking for a long term, this should still be a good entry point.
These are my thoughts only, meant to give you an idea, not trading advice.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE