NKLA Motors is quite possibly going back to IPO levels. 10$ is the first target.
Play with the trend. We are bearish and a reversal from bulls is unlikely unless they start announcing major product development. Entered at 19$ but there is still room to drop that dump and forest Gump.
Extreme valuations and fairy tales are what drove this stock up.
Yes, I am...
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....
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.
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)
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...
384 M shares, 900 M USD - cash balance -------> 900 M / 384 M = 2.34 USD !
no strategic investor
no "material" prototype
So once the stock is below 2 USD, perhaps, you can consider to buy it.
Ready to buy the dip?
This might be a 25% discount at NKLA stock!
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
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...
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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...
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 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...
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...
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.
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...