A chart for Nikola showing a massive MACD divergence that has been building ever since the peak
Attempting to pick the bottom is difficult, a + (positive) MACD would be a good start
I have no idea why this broke out so strongly in 2020, can someone fill me in?
This divergence is bullish LONG TERM
Nikola Corp said it had started production of its electric truck.
NKLA started manufacturing its Tre battery electric vehicle in Arizona on March 21.
They will start production of the Tre BEV truck for the European market at its factory in Germany in June 2023.
i expect a price target of $13.90 and $19.15 eventually.
Looking forward to read your opinion about it.
Nikola Corporation - Short Term - We look to Sell at 9.22 (stop at 10.48)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 9.50. 50 1day EMA is at 9.65. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 5.09 and 4.10
Resistance: 9.50 / 10.00 /...
From the behavior of NKLA since it was exposed as a scam in September, it has appeared to hit certain price floors and then stop. For such a volatile stock with huge questions of its legitimacy and ability to remain an ongoing concern, it is striking that the price would sit within a narrow channel for weeks.
Some have theorized that MMs are actively buying and...
NKLA (18.59/share at the time of this writing)
NASDAQ:NKLA
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...
Nikola
This stock goes to show that at the market anything can happen and fundamentals and technical analysis just don’t matter ! let me explain.
What ever analysis you try implementing on NKLA chart you will receive no logic , no cycle, barely any resistance and support levels, and hardly the ability to analyze the price action movement according to any past...
Nikola finally tested the long term resistance trendline today, largely based on Earning Report anticipation. It was quickly rejected from the trendline on HIGH volume. This was also the first time it tested the bearish ema death cross, and its now confirmed. Expect further mark downs.
Knowing how SPACs work, their traditional FIB levels, and psychological...
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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...
Hello Traders,
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...
Nothing to really see here. Most likely will continue trending down. Trevor Milton should be investigated for securities fraud. I believe this will be a phenomenal company in the future, but the way Trevor handles himself on twitter is just pathetic. he is simply pumping the stock. Ignore NKLA for now
I was expecting it to test the break of the support trend line much sooner then it played out, but it did play out. Interesting to see which way it goes here.
Make or break time for NKLA. It will more than likely test it's previous support trend line, the test will confirm it as resistance now and signal a longer term bear consolidation period, potentially going much lower. It will probably continue to hug the previous support trendline, now resistance trendline until the stock (which is turning up right now) gets...
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.
