Nikola Corporation operates as an integrated supplier of zero-emissions transport systems. Designs and manufactures electric and hydrogen electric vehicles, electric vehicle transmissions, vehicle components, energy storage systems and hydrogen fuel station infrastructure. Technical: MACD Level (12, 26) - 4.87 Target in 3rd Fibonacci recoil Average RSI...
The chart speaks for itself. I took a short position at 19$ which is seen in a previous idea. It was right. But now it looks promising to enter again. Monday could be a small sell-off but the Lockup period expiring at the end of April so this thing could tank. Besides, they have no revenue for the past 7 years. It's beyond me how people still believe in this....
Looking for the juice? Here's where it's at ... . Options Highly Liquid Single Name >$10/Share With Earnings in the Rear View, Sorted By 30-Day with a >50% Cut-Off: CRON (43/236) (Cannabis) AMC (21/218) (Theatres) TLRY (40/185) (Cannabis) SRNE (5/165) (Biotech) INO (4/145) (Biotech) ACB (11/127) (Cannabis) NKLA (12/125) (EV) CGC (23/99) (Cannabis) NCLH (4/99)...
Production hype will happen later this year because they start to produce in 2022. Long term play. Hopefully this plays out.
Got some long dated calls, love the look on this one. It either stops for a giant IHS here or heads to $12-$13 and then pop, but once it breaks it's downtrend it will pop, I think by the end of April at least and it should continue to fly pretty high, I expect longterm to get over ATH but that will take a long time I'm thinking.
As you can be by the following my previous idea was based was QuantumScape. The new opportunity arised when i saw that the 2 charts, are mostly identical in terms of price action and technical analysis. 1. CCIV have had 5 major waves down, finishing off at the 2.618 trend-based fib-Extension. QS has the exact same level of 2.618 where it bounced of the last...
Short-term play. As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short. Based on increasing short volume again - Check Fintel.io And the fact earnings are coming out, we could expect a dip to 13$ or below. Personally, I think this is a good play and overvalued IMO so correction is inevitable. Didn't pay much...
On weekly TF price found support at $13.72 in December and broke out of trendline at $20.38 and now is in a pullback stage & could go down to $20.10 (100 EMA) before making a move up.
double bottom + cup and handle? PT = $70 SP = $19 (gonna risk it)
AAPL has reached its end of the triangulation pattern. This could only mean one thing, time to collect some tendies! The MACD keeps crossing, which means a bullish move is imminent! The RSI is still in the moderate value range, which means that it can break out as there is nothing pulling it back. Although, if a breakout does not occur, watch the key support...
Maybe, looking good to me, got some long dated calls feeling pretty good. Most are hating on this company right now which is good at the bottom.
A pattern has emerged again as it has consolidated a bit and now it is gonna breakout! Reasons? 1. AAPL has been rumoured to add Bitcoin as a type of payment, which could skyrocket the company as it introduces a whole another audience and investors into the company. A consolidation pattern has emerged as you can see from the green circles, which means a breakout...
In my last chart, I called the huge sell-off which was inevitably coming for Nikola: But, I realized now, that I was still being far too friendly on this company. After the Hindenburg report, and many other red-flags currently popping up, I had to revise my target. I think Nikola is about to go bankrupt anytime between December 2020 and mid 2021, thus the stock...
Either two things are going to happen - NKLA is going to have an extraordinary leader come and forge the company through the fire and we see the ULTIMATE "rags to riches" market story. Or....the company will fail miserably. Either way, I'm shorting the oxygen out of this company until they legitimize themselves.
Check the chart it's pretty clear this one is almost ready to make a massive return to "NORMAL". Enjoy. GL
Nice breakout of this symmetrical triangle, looking for a big move this afternoon and premarket into tomorrow! Let 'er ride!