NKLA has been a lucky charm here. We said buy it at $22 . Then we said sell on the open on June 9 , which happened to be at $90+. Now, here we are double-testing the trailing 50-day MA and jonesing for a bust of the bull trendline. We say a test of the $30 area is next. The company will have to prove something before it gets a new charge.
Like I was predicting earlier today, Nikola broke down from it's bearish consolidation period. Support is still at $33, but with warrants jumping in price to $27 this implies a $38 stock price for Nikola. It's good to get this bearish consolidation out of the way, and good to get the warrants out from hanging over its head. Now its time to build support.
It pains me as an early VTIQ investor to say this, but the chart isn't lying. The TA shows an extremely bearish set up, with support around $33. Decision time for me on whether to sell warrants or not.
Please check out my blog post for a full breakdown: www.derzzycharts.com Electric vehicles… the future right? Who cares?! We’re here to profitably trade stocks. Today we have TSLA, NKLA, and NIO compared with each other on the daily. The gains in these stocks have been massive. I would call these high beta, but I feel like they even exceed that definition. The...
This will be brief since this ground zero and this #SPAC was just announced No technical Analysis since chart is so fresh and I just wanted to get this out before it starts going crazy I will address a few reasons why I think this will be the biggest #SPAC of 2020 and 2-5 X bigger then my $VTIQ (NKLA) call which went 10 X 1. Rare Earth Minerals - needed by...
FB WAS STRONG TODAY. I WOULD GO LONG OVER 241 FOR A MOVE UP TO 245, 250. TRADE IDEA: 245C 7/17
I WOULD GO LONG OVER 3000 FOR A MOVE UP TO 3071. TRADE IDEA: 3050C 7/17
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...
NYSE:NIO NIO BACK BY CHINA GOV AS we can see nio LOOKS LIKE A BUBBLE...but it isn't WHY? lets break it down the my chart is basically saying there will be a SELL OFF but it will go right back up and even higher people are going to either sell half or less maybe 20-30% of there positions to lock in there investment and let the other half that they made...
If the fuel of future cars will be hydrogen, then Nikola is already there, offering long miles hydrogen electric powertrains. Nikola Motor Company is a pioneer in electric heavy duty applications. Nikola offers both pure electric and also hydrogen electric powertrains. Nikola Badger EV pickup will debut at Nikola World 2020 in December offering 0-60 MPH in 2.9...
NIO NEEDS TO HOLD OVER 13.8 TO GO LONG. IF 13.8 BREAKS NIO CAN DROP BACK DOWN TO 10.63, 8.72