NKLA can this EV penny stock stop the cash burn/ News LONG Long

Nikola CorporationNASDAQ

Description

⋅ Mar 22, 2024 4:11 AM

NKLA on the 120 minute chart has been in a falling wedge pattern and had the news of

hydrogen stations ready to go in the all important California market and now printed a

countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further

shareholder dilution? Is the board protecting the interests of shareholders ? While this gets

figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term?

I intend to find out.

Comment

⋅ Mar 22, 2024 5:53 AM

Zoomed to 1 minute and percentage scale for intraday trade.

Trade active

⋅ Mar 22, 2024 6:56 PM

NEWS again finance.yahoo.com/news/nikola-celebrates-grand-opening-first-220000392.html

Comment

⋅ Mar 22, 2024 11:00 PM

NKLA had a nice dip after the morning bell as a buying opportunity which was bought up quickly and then sideways to end the trading week. The hydrogen station in California doing its thing for the new big rigs.

Comment

⋅ Mar 25, 2024 6:36 PM

Big move today. 25% of the position closed. Watching for a pullback to add into.

Trade active

⋅ Mar 25, 2024 7:54 PM

NKLA had a great day- has been coiling accumulation the pump is on. No surprise if shorts cover. Buckle up. The big rigs are rolling in California ( not downhill from gravity) Cash fire is getting a sprinkler.

Trade active

⋅ Mar 28, 2024 5:08 AM

NKLA has continued higher. Algo forecasts a top now. will take the remaining 75% off
on Monday with a profit expectation of 50%