Traders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and...
Seems to be a trend reversal. Don't know what the big news is going to be, but it seems clear to me that their trucks are for real and they are making progress after Trevor
$NKLA has found support once again in the $9.50 area and it is running out of room beneath the overhead trend line. I am expecting a rally to the target box at some point soon.
NKLA price action these past few weeks has been range bound between 9 and 11.50, It looks like that 11.50 range could be retested this week if this rally continues. A clean break above 11.50 this week and it could run to 13s. The volume the last two days has been impressive, very steady buying throughout the day if that volume holds or increases I think that 11.50...
Following Company presentation:
1. Commissioning (Aug ‘21)
2. Calibration & Testing (Oct ‘21)
Technically, and following the MACD indicator, looks positive for a local recovery to target 11.82.
Stop Setup - 9.6
I do not recommend buying or sell NKLA stocks.
NKLA broke above 10 today, generally that's bullish but a decent amount of the rally got faded today, that being said nkla still held over 10 which is good news for bulls, failure to crack 10 today could've easily turned bearish. I'm gonna go out on a limb here and say this is could a great price point to add some share of nkla, this stock has had a lot of ups and...
NKLA is looking like it might be forming a support area at the 9 range, several nice bounces off this number in this past week. It appears that Milton has been dumping plenty of shares to cover his 100 million dollar bound he had to pay to avoid jailtime, for now anyways. In the short term Milton dumping these shares is obviously bearish as he as a alot of shares...
Look daily stoch on bottom need better vol, basing nicely
Look at weekly on bottom when you have both daily stoch and weekly on bottom WOW u have a winner
Looking go to 20
Bought on 8/19/21
Nikola Corp. engages in the provision of zero-emissions transportation and infrastructure solutions. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen fueling station infrastructure. The company was founded by Trevor Milton in 2015 and is headquartered in Phoenix, AZ.
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