NKLA is probably the most hated and controversial stock in th EV market. I did take a position in NKLA even though a drop to the 70% correction zone could be meet, yet my trade position would last till the event up to NKLA world and hopes that the earnings report tells us pre order numbers on the badger and the the order numbers of the semi trucks.
News
-Trevor decided to stake his company shares, meaning his portion, to buy more shares. This will in return give him more ownership of the company as someone wrote up to 40% (not sure if thats true). Problem with this its not gonna affect NKLA nor is it even a stake since its existing shares and if the company flops no harm no foul, since he already made money on going public.
-NKLA badger is reported that the US hydrogen fuelcell version will have to wait, so NKLA can establish more pumps, since there's only 70 in the USA. Seeing their business model, we might not see the hydrofuel cell version until the semi network is established or partnerships with gas station companies. This is different in Europe will they will see the badger.
-NKLA has broke grounds in Arizona with its manufacturing facility. This also had the Arizona governor showed up. This is really big news for future growth of the company.
-TESLA beat its earnings and green energy vehicles are growing rapidly. If NKLA is successful at NKLA world and show a working Badger, they might be able to piggyback on the success of TESLA. Also watched a video on Astroid Mining and talked about how hydrofuel cells are a need for future space travel. Again very long term.
-According to recent data from Fintel, a free and paid site you can look up info on stocks and companies along with hedge funds, show institutional ownership is growing with less selling on their part going on.
-JPMorgan relased their price target of about 44-45 dollars, yet don't see any support their besides a bounce after the first crash too that level.
-Warrants expire next month as well. This will bring in more shares, yet with the shares already avabile this will have a small impact, yet looking at the price it might be psychological fear.
TA
-Like this week, that $27-$28 mark is our 70% correction zone and we are almost at it. What to expect? Likely to break below it and have a strong bounce back, yet do we sell the bounce back?
-Volume would need to pickup and help the VPVR level show there's trading action, yet as you can see the volume spikes and it dies off showing no signs of a reversal in the price anytime soon
-MACD is still uncertain what it wants to do. At eod it shows potential upside, yet the downward selling isn't helping.
-RSI is oversold, yet now I guess we are trying to do price discovery. Daily still shows more downside since RSI on that is oversold, yet is only at 36 with 50 being the middle ground.
-EMA is overextended and would need some good sideways movement to fix it.
-Now with the 27-28 being the zone of 70% correction I also put two more "support" lines under it where I saw sideways movements in the past. If you still want to wait you can look for an entry around 20.61 or 13.95, so buy zone is 28-13.95. After 13.95 gl
Final thoughts
If trevor is just gonna market buy, then he's an idiot. I would hire a professional to buy for me or set limit buys at certain areas. Again my current trade is down, yet holding till december is my plan. I don't plan atm to buy anytime soon and the only confidence the bulls have is that institutions are buying and this is like early days in TESLA, where everyone hates on you until something unexpected happen. Do I think NKLA is gonna be successful? IDK, but Elon did say with current automotive companies there's no competition. Can NKLA fill that gap? You also got a company called fisker, yet I would stay away since they already went bankrupt once and they are the same with NKLA and only have a concept idea, yet in its recent youtube videos and instagram videos, NKLA has shown off its Semi driving around and have famous people to show it off to. Other EV companies that are already established is NIO, really popular, and also one my fav since they partnered up with a crypto called VET, BYD. Those two are chinese, so might not find the same gains compared to TESLA.
News
-Trevor decided to stake his company shares, meaning his portion, to buy more shares. This will in return give him more ownership of the company as someone wrote up to 40% (not sure if thats true). Problem with this its not gonna affect NKLA nor is it even a stake since its existing shares and if the company flops no harm no foul, since he already made money on going public.
-NKLA badger is reported that the US hydrogen fuelcell version will have to wait, so NKLA can establish more pumps, since there's only 70 in the USA. Seeing their business model, we might not see the hydrofuel cell version until the semi network is established or partnerships with gas station companies. This is different in Europe will they will see the badger.
-NKLA has broke grounds in Arizona with its manufacturing facility. This also had the Arizona governor showed up. This is really big news for future growth of the company.
-TESLA beat its earnings and green energy vehicles are growing rapidly. If NKLA is successful at NKLA world and show a working Badger, they might be able to piggyback on the success of TESLA. Also watched a video on Astroid Mining and talked about how hydrofuel cells are a need for future space travel. Again very long term.
-According to recent data from Fintel, a free and paid site you can look up info on stocks and companies along with hedge funds, show institutional ownership is growing with less selling on their part going on.
-JPMorgan relased their price target of about 44-45 dollars, yet don't see any support their besides a bounce after the first crash too that level.
-Warrants expire next month as well. This will bring in more shares, yet with the shares already avabile this will have a small impact, yet looking at the price it might be psychological fear.
TA
-Like this week, that $27-$28 mark is our 70% correction zone and we are almost at it. What to expect? Likely to break below it and have a strong bounce back, yet do we sell the bounce back?
-Volume would need to pickup and help the VPVR level show there's trading action, yet as you can see the volume spikes and it dies off showing no signs of a reversal in the price anytime soon
-MACD is still uncertain what it wants to do. At eod it shows potential upside, yet the downward selling isn't helping.
-RSI is oversold, yet now I guess we are trying to do price discovery. Daily still shows more downside since RSI on that is oversold, yet is only at 36 with 50 being the middle ground.
-EMA is overextended and would need some good sideways movement to fix it.
-Now with the 27-28 being the zone of 70% correction I also put two more "support" lines under it where I saw sideways movements in the past. If you still want to wait you can look for an entry around 20.61 or 13.95, so buy zone is 28-13.95. After 13.95 gl
Final thoughts
If trevor is just gonna market buy, then he's an idiot. I would hire a professional to buy for me or set limit buys at certain areas. Again my current trade is down, yet holding till december is my plan. I don't plan atm to buy anytime soon and the only confidence the bulls have is that institutions are buying and this is like early days in TESLA, where everyone hates on you until something unexpected happen. Do I think NKLA is gonna be successful? IDK, but Elon did say with current automotive companies there's no competition. Can NKLA fill that gap? You also got a company called fisker, yet I would stay away since they already went bankrupt once and they are the same with NKLA and only have a concept idea, yet in its recent youtube videos and instagram videos, NKLA has shown off its Semi driving around and have famous people to show it off to. Other EV companies that are already established is NIO, really popular, and also one my fav since they partnered up with a crypto called VET, BYD. Those two are chinese, so might not find the same gains compared to TESLA.
