#NKLA is in an uptrend as you can see .. the support and resistance levels are displayed with green strips ... the first tp is about 18$ (80% profit from this price )
check it by your own analysis ...
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...
Nikola has formed a strong base to support the current price and there is very little in the way of resistance. While this stock will chop it has only one way to go from here, up.
$NKLA has found support once again in the $9.50 area and it is running out of room beneath the overhead trend line. I am expecting a rally to the target box at some point soon.
Huge huge pattern. Nikola just backtest it as new supprt at 11$
Target extends us to 13.50$ I’d probaly watch the 1.618$ fib at 13.05 as a profit taking area. As of now we are holding back by the .786 fib at 11.43. Mid we claim that as support we could
Get a noce momentum rip up to 11.85
And busting through that will be an easy long to 13.05+
11.50 has been tested twice and held, also 11.50 gave way briefly for a couple days and then proceeded to sell off harshly. That being said i'm looking for that 11.50 test tomorrow as a place to either buy or sell calls, it could be an opportune entry one way or the other.
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...
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
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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