Bullish Indicator: 1- Made Higher Low 2- Bullish Inside Bar 3- Support found @ 2.10 4- Trendline broken 5- Harmonic Bullish Three Drives formed
The moment to buy has finally arrived. Chart has been drawn for months. Publishing
I'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 the stock up, because degenerate "investors" could pump it up...
Thursday, 10 November 2022 16:09 PM (WIB) Nikola Corporation, a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel cell electric vehicles (FCEV), and energy infrastructure solutions, is paving the way as a global leader in zero-emissions transportation. Through a business model that will enable corporate customers...
Have been following it since 2.90 Reversal on the Andrew’s Pitchfork Support
LARGE MARKET CAP (Over 1B) NKLA Discount 95% From Top USD Extreme Bear Levels Stock Recovery Imminent! Entry Levels: 3 All Time Low 5 Deep Value TARGETS: 7 EARLY PROFIT 14 RALLY TOP 20 MAJOR RESISTANCE 50 FULL RECOVERY Happy Trading!
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and...
NKLA appears to be printing a double three primary WXY. I have labelled it "exotic" because the more common X wave triangle appears to be collapsing before intermediate E wave completion, however it does appear to be a "corrective structure" and so should be correct nonetheless. I have shown 2 Fibonacci bands constructed from multiple trend based extensions from...
NKLA has been a tricky chart to fathom and why I havent covered it much but since the recent collapse it has revealed its hand I think. The last 9 months highlighted have all been forming a breakdown pattern with lowering upthrust failures. And it is a pattern that so many confuse with accumulation, butit is a continuation pattern and after holding this $9.37...
NKLA has good trend with big falling wedge. There are several resistance lines.
from which the city it is headquartered is named- CAN IT RISE AGAIN ? The 4H Chart shows NKLA sitting on a support zone with the resistance zone 35% to the upside. The RSI indicator shows bullish divergence on the downtrend which has now reversed. I see this as a low-risk long trade setup.
After an enormous pump the herd are always looking to catch the gravy train for one more pump when the party is over and thats how this game works. Then they get very trapped but ease their conscience by buying more "knowing" the floor can't be too far away until properly rinsed, freak out and leave the market. But imagine if rather than chasing free lunch...
Tested and rejected VMA again, but recent volume looks constructive for follow through. high short interest could lift this off if the range tightens above 6.5 will look for reversal candle that closed above 7.5 to start a position. I have found this to be very slippery name. Not much success in the past, so will be more cautious not to jump early.
In this daily chart, I made a composite index of electric vehicle stocks using an approximate formula weighed by stock prices but not market cap. ( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks. I did this to later check to see if there is...
NKLA stock has been in a perpetual downtrend pretty much since it's existence, and every time the stock has tried to hold a meaningful rally it's been rejected by the 200 day MA. Once again NKLA finds itself rallying up to the 200 day MA, the bears have stepped in every time before at this spot, it would seem like they would step in again for one final push back...
Just a chart on $NKLA, as you see the bear rallies grew by 10% in the past 3 events (one of which we are in the midst of). IV is relatively low, going short Monday.
Interesting pattern with current surge in energy sector, earnings this week
Potential uptrend for coming days. Rai is going opposite way potential reversal