I'm holding a bullish position on NKLA and had what looked to be the perfect price when I sold a few $3 CALL contracts a few weeks ago.
After the news of the fire, of course, NKLA price has taken a 68% haircut, and I'm pondering the wisdom of building a position at these prices.
As always, comments are welcome, and feedback is encouraged.
Thank you for your time.
This chart is to update the original. The pullback should have been accounted for, but it pulled back (red box)... and so this chart show those harmonics and the resulting new target 2.38. I was originally hopeful for 2.83 target, but I also put a new Gann line on this and there is a big resistance point at 2.38- we also have to consider the macro patter that...
NKLA showing some signs of support arund 2.22 point. The harmonic here seems to be associated with a bullish pattern at least to the 50% fib of the macro harmonic. This has a price point around 2.85- the bottom of the IM Cloud. NKLA had some bad news come out recently of CEP change, but there may be some small pushes up to test the direction of things. The CEO...
NASDAQ:NKLA
For NKLA it seems that we have completed wave 1
and we have already started wave A of 2 .
So we should expect at any time a 3 waves up to form the B wave of 2
and the head back down in 5 waves to complete the correction
and by that move we could form a inverse head and shoulders pattern with a target of 7.4$
After there was a glimmer of hope that it would escape bankruptcy thanks to the high demand for its new FCEV truck, Nikola Corporation (Nasdaq: NKLA) finds itself in a highly precarious situation once again after Proterra Inc. (NASDAQ: PTRA) declared bankruptcy. As PTRA is the sole battery supplier for the company’s FCEV truck, NKLA may find it hard to fulfill the...
Dear friend
I am Accumulation nkla
Nkla Foundation was good
according to the new science technical analysis systems I read from thomas demark book ,if nkla holding under 2.95 until closing week ,then we ready for the up run into 6.1 level because we previously valid break through .382 fib level , so just hold tigh .will see you in $6-$6.1 that my view , up to you
Great earnings and people seem to know it. Based on price action, I placed a reasonable price target. Placed my limit order - lets see if I get a fill.
NKLA on the 2H chart appears in a cup and handle pattern with the full pattern
including the bullish continuation now printed. The pattern predicts $ 2.00 of
upside . While the fundamentals of a change of CEO may be concerning, the
the creativity of finding cash during a slow cash burn without diluting current
shareholders. Perhaps he will have two classes...
Here's what I currently see for Nikola. We made a nice 5 waves up and it's time now to retrace so we can start another leg up. I think the area between $1 and $1.50 is where the big boys will be loading up. It's also a put wall. From there we should rip to around $5 easily.
Bullish flag. Aim for 0,88-0,90 for long term. Dont buy it now, too risky since the market is heading into a small but harsh correction during July. It can go even lower, around 0,60.
Bullish flag - trading education 101---
And dont forget it MAY fail!!
Company Fundamentals:
Nikola Corporation is an American company specializing in the development of zero-emission vehicles, with a primary focus on electric and hydrogen fuel cell electric semi-trucks. The company has faced a fair amount of controversy in the past regarding the feasibility of its technology. However, it seems to have weathered the storm and is...
NKLA doesn´t seem to break the $3, I personally expect a high short interest at this level.
My targets are based on the volume profile and historical data, see chart above.
Thanks to a new deal introduced on July 13, Nikola Corporation (NASDAQ: NKLA) experienced a short squeeze that helped the stock run nearly 116% last week. That said, the recent short squeeze may be a prelude to a substantial fall or even bankruptcy. In the meantime, NKLA is attempting to gain shareholders’ approval to raise its authorized shares in order to be...
Unusual option activity was identified, resulting in the formation of a HUGE straddle. The resistance level coincides to purchasers' liquidity (see chart), which strengthens the logic of the option combination.
We do the best research as we can to find new opportunities in the massive amount of information every day to make data-driven trading decision.
Please...
NKLA long. Entry at 1.06. Scary stock, going to be cautious with this but don't want to let this opportunity slip by because I believe there is massive gains to still be had from these levels.
Target #1 2.00
Hello fellow traders,
I would like to bring your attention to Nikola Corporation (NKLA) and the intriguing bullish potential it currently exhibits. In this post, I will outline a Fibonacci retracement analysis for NKLA, along with key take profit levels that could be considered for potential trade setups.
Fibonacci Retracement Levels:
- 0% - $0.54
- 0.382 -...
