Whie NEL is clearly going up in the short term, for the long term it is stil unclear where we are heading... Needs to remain above 20.
Can go either way, but the upside is more feasible considering the current run for fuel-cell
$NEL Hydrogen clearly will benefit from a Biden presidency! If it can establish trading above 20 NOK, the stage looks set for a strong pre christmas rally.
Forming Symmetrical Triangle: let see... Q3 on 5th November will be released too. it might inevitably breach the upper trendline for a breakout and uptrend on rising or alternatively breach the lower trendline for a breakdown and downtrend with falling prices... Let's see :)
NEL has become a trader favourite with recent volatility after Nikola was hit by short seller report. Hourly 20 EMA breaking above 100 EMA, often seen as a promising momentum shift indicator. NEL needs to break above support/resistance at about 18 and consolidate to regain a bullish sentiment in the short term. Todays top 20 list show that the Clearstream crowd...
As expected in previous trading idea, NEL falling under important support confirmed the double top sell signal. But NEL is a stock that has experience several huge volatility events in the past, with earlier drops from top to bottom as large as 53 and 58 %. Compared to those the recent drop of 36% seem to not cause any sense of panic among the shareholders at...
With the Hindenburg short accusation report against Nikola, the price of the NEL stock has come under pressure, indicating a possible double top pattern and putting the subsidiary offering in doubt. The stock need to protect the last major support level at around 17.5, or the clearly visible gap in the volume profile will come into play as large amount of recent...
Die NEL Aktie war in den letzten Wochen in aller Munde. Wer auf den fahrenden Zug aufgesprungen ist, hat vielleicht mit viel Glück etwas Gewinn einfahren können oder gar Gewinne mitnehmen können. Wer die Rally verpasst hat, sollte wie so oft Geduld aufbringen und auf den richtigen Einstige warten, denn dieser wird wie so oft kommen. Auf dem Weekly Chart sehen...
NEL is bearish but with Elliot Wave there maybe a positive entrance point. Look for the fibonacci retracement levels and we may soon se af turning point.