nikola a bullish pattern target is above 2 just found intressanting stock for my followers
we are near to end of bear cycle 1st target is 1,5 tp2, 2.4
−1.5671USD
−784.238MUSD
50.825MUSD
884.753M
About Nikola Corporation
Sector
Industry
CEO
Stephen J. Girsky
Website
Headquarters
Phoenix
Employees (FY)
1.5K
Founded
2015
ISIN
US6541101050
Nikola Corp. is an American company in the automotive industry that provides zero-emissions transportation and infrastructure solutions. It designs and manufactures heavy-duty commercial battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, components, energy storage systems and hydrogen fueling station infrastructure. Nikola Corporation went public on June 4, 2020. The stock is listed on the Nasdaq exchange and traded as ticker $NKLA. The company was founded in 2014 by Trevor Milton in Salt Lake City, Utah. The headquarters are currently located in Phoenix, Arizona.
NKLA Update - 4 Hr Chart BullishPrice action is showing signs of consolidation, but still bullish. Price is expected to rush to 2.24, but I think it is going to trade sideways for a period of time. In the event of bad news there is the chance price goes to 76-78 cents as an extreme bottom. Until then I think price has shown suppor
NKLA setting up a massive upside shift to 3.0 price and beyond.Weekly data is suggesting a massive shift both in pricing and net buy volume.
Weekly higher lows has been registered with gap interval pricing on the upper end.
This is hinting of high probability of an upside reversal.
Net buy / accumulation has been on the significant side this past few days conv
NKLA - 2 Different Long-Term WavecountsWe have 2 different primary counts on NKLA.
The first would have us assume that the recent downturn from $3.71 to $0.81 was all the downside we'll see. However, the structure for this move leaves no obvious evidence that it was the complete correction. Hence why I left a (2)? at the base of that
NKLA held by supportPrice is currently held on a support which is crossed by a trendline and 2 days ago we had failed breakdown of the trendline by the bears price needs to close above 1$-1.04 zone to be strongly bullish as for targets i have the previous highs after the price broke that level of resistance and as Stop
NKLA: Possible reaching $4.3 (+390%)My reading is:
1- Primary: it could be started the 3rd/ or C of Elliott wave
2- Seems it finished the wave 2 (correction)
Forecasting :
Conservatively: it may go to the upper bound of the channel $4.3(390%)
Unconservative: I will update when it break the upper channel
Confirmation of upward is
NKLA updateWell this is the updated chart. A few changes. The previous patterns played out and were removed, this is the new one. This is a minor crab pattern and per the previous chart the price points matched up perfectly (see notes). These patterns are notorious for the false breakdowns and long dips at the
Short NKLA for obvious reasonsI'm making this post in retrospect, I'm shorting NKLA from 7.2.
As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t.
This could still drive
Is this an over-reaction, or an opportunity?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
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NKLANKLA: Nikola Stock Surges 33% as EV Maker Taps Ex-General Motors as COO
Mary Chan, who held roles at General Motors and Dell, is joining the leadership team at Nikola. The stock is up 80% over the past five days.
NKLAInvestors put the bad news in their blindspot
Nikola’s founder may be stuck in the center of a huge fraud trial but investors have chosen to ignore the drama in favor of a bull case for its fundamentals.
NKLAAn electrifying update
EV start-up Nikola gives investors a truck production update that sends the stock charging ahead.
NKLANikola settles with the SEC
Investors finally get a peek under the hood at Nikola earnings, and prices rev up 21% for the electric truck start-up.
NKLANikola CEO lands in hot water
The EV market is tough, and people will do anything to get ahead. Nikola loses over 16% after its CEO is indicted on three counts of criminal fraud for misleading investors.
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