Traders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and...
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...
crab harmonic pattern:
It could be a sufficient target because it makes a reversal cypher at this price with a high volume
Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
Please like and follow for more Stock/Forex Analysis and Content.
Nikola Corporation designs and manufactures battery electric and hydrogen-electric vehicless. It operates in two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles, hydrogen fuel cell electric vehicles, vehicle components, and class 8 trucks that provide solutions to the short-haul, medium-haul, and...
Using Nikola as an example, people may divert their attention to EV Truck now with the hype of EV.
FOMO traders may flock back into Nikola.
However, Im into similar company. (Shared with closed group only)
High risk to long, if you are willing to take the risk, reward come later
Nikola has performed as a young crypto coin from May till June last year, has had a 85% retracement, but has broken out the yellow descending wedge and has touched an old high of March 2020. We had an sudden rise after first break-out before the announcement of GM, but an abrupt decline right after the cancellation of the electric truck production and 11% stake...