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...
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...
Nikola NASDAQ:NKLA has terminated a contract to deliver 2,500 electric-battery trucks to Arizona-based Republic Services Inc, (Wikipedia) which "is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue." This was an agreement made in August 2020.
NKLA (18.59/share at the time of this writing)
In my humble non-expert opinion, Nikola has a long way down to go. I'm not hating on Nikola. In fact I think they're truck designs looks cool but...captain obvious may tell you that this is a no-brainer, and from a business standpoint I agree. I see no potential based on what the company has to offer...
5 YR View
MA at 20
MACD looking to go into green zone
I think this is a stock I can be happy buying about 5 shares and test the ride to see if it could be pumped up...
I Like how the GREEN DOJI kicked in and a nice green day followed..
$34.52 seems to be the next level of some support.
View On Nikola (21 Sept 2020)
Nikola is in the strong downtrend and it is about the touch some serious trend line.
So, I expect it can fall further but please be cautious too. Why? It is near "normal" up trend line.
A very good support level for this counter is $15-$20 region.
DYODD, all the best and read the disclaimer too.
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In this analysis, I'll be providing an in-depth analysis on Nikola Corporation (NKLA), also recently known as the Tesla (TSLA) killer.
I'll provide an overall understanding of what Hydrogen vehicles are, what...
On the 15 minute chart, the BB are indicative of a nice squeeze between support at 30.64 and resistance at 32.78 (which was Sept. 4 previous support and is now current resistance). On Sept 8 with the news of a partnership with GM, the stock surged from 35.63 to breaking through previous resistance of 37.32 to 54.50 in a day! I always say "what goes up must come...
NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam.
Well...there's a lot of those in the stock market.
We are NOT another NKLA shill...we simply trade the charts.
Let's take you guys back to early August when we entered our trade (3-6month swing...
Nikola Stock Analysis - Nikola Corporation stock forecast today (week 07/09/20) - NKLA Stock Analysis - NASDAQ:NKLA
Electric cars Market seems to be in retracement stage, hence the best option is to hold and wait the end of the price set back before buying.
Based on technical analysis, the idea is to hold the end of the price retracement...
The last analysis I did for Nikola was 2 weeks ago and I told you guys, if you want 20% profit buy Nikola and we saw it went up from 30 to $38. Now I think this is the moment to short because the next stop is 200D moving average (23) if the support level at 30 doesn't hold. GOOD LUCK