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NIKOLA CORPORATION

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NKLA trade ideas

Nikola Corp (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nikola Corp (Extended Hours) - Double Formation * A+ Set Up At 12.0050 USD * 012345 | Waves Not Numbered | Subdivision 1 - Triple Formation * Retracement 1)) | ((50)) & 0)) / Survey Limited Entry | Subdivision 2 * Triangle Pattern | Survey | Subdivision 3 * Top / Bottom Structure | Reversed At 6.1000 USD Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NKLAShort
by TradePolitics
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 conveying position takers are betting 'long term' on the future upside valuation of the stock. Expect some more than average price ascend movement from the present range. Spotted at 1.60 TAYOR. Safeguard funds always.
NASDAQ:NKLALong
by JSAL
9
Nikola Beats Wall Street Expectations With Strong Q2 PerformanceNikola Corporation (Nasdaq: NASDAQ:NKLA ), a key player in zero-emissions transportation, has demonstrated remarkable resilience and strategic acumen in its recent quarterly performance. The electric truck manufacturer reported better-than-expected financial results for Q2 2024, marked by a significant revenue surge and robust demand for its hydrogen-powered trucks, signaling a successful pivot from its battery-electric vehicles (BEVs) to hydrogen fuel cell electric vehicles (FCEVs). Financial Highlights Nikola ( NASDAQ:NKLA ) posted Q2 revenue of $31.3 million, surpassing Wall Street's expectations of $27.1 million. Representing a staggering 318% increase from the previous quarter, marking the strongest topline in the company's history. The company also reported a smaller-than-expected adjusted loss per share of $2.67, compared to analysts' average estimate of a $2.85 loss, reflecting Nikola's improving financial health. Strong Demand for Hydrogen Trucks A key driver of this financial performance was the robust demand for Nikola’s hydrogen-powered trucks. The company delivered 72 hydrogen FCEVs in Q2, an 80% increase from the first quarter, exceeding its own guidance. This strong performance highlights the growing interest in hydrogen fuel technology, particularly among large fleet operators looking to decarbonize their operations. Nikola’s shift towards hydrogen technology appears to be paying off, as it acquires new customers and sees an uptick in orders. Notably, Walmart Canada became a significant customer, receiving its first hydrogen semi-truck from Nikola in June. The company's focus on expanding its reach across North America has also resulted in repeat orders from two major national accounts, further solidifying its market presence. Operational Achievements Nikola's FCEVs are proving their worth in the field. The company reported that its hydrogen trucks have logged over 550,000 miles with an impressive average fuel economy of 7.2 miles per kilogram of hydrogen. This performance outpaces the average Class 8 diesel truck, offering a 23% improvement in fuel efficiency on a diesel gallon equivalent basis. This not only underscores the operational efficiency of Nikola's FCEVs but also aligns with the company’s commitment to reducing carbon emissions. Strategic Initiatives and Future Outlook Nikola ( NASDAQ:NKLA ) is on track to complete the rollout of its revamped BEV "2.0" recall program by the end of 2024, showing its commitment to addressing past challenges and improving product reliability. The company is also exploring alternative revenue streams, including the sale of regulatory credits, which further bolsters its financial outlook. Despite a challenging year for the electric vehicle (EV) industry, with many companies facing declining demand and stock price drops, Nikola’s strategic pivot towards hydrogen technology and its focus on fleet customers are beginning to yield results. With cash and cash equivalents standing at $256.3 million, Nikola is well-positioned to continue its growth trajectory and capitalize on the expanding market for zero-emission vehicles. Conclusion Nikola Corporation’s Q2 performance is a testament to its strategic agility and commitment to innovation. By shifting its focus to hydrogen fuel cell technology, the company has not only met but exceeded market expectations, positioning itself as a leader in the zero-emissions transportation space. As the world moves towards greener technologies, Nikola’s ability to deliver high-performance, eco-friendly trucks will likely drive further growth and investor confidence in the quarters to come.
NASDAQ:NKLALong
by DEXWireNews
1
NKLA can move higher from a support level LONGNKLA had news this week with the litigation over the Badger brand. The news is over and the real trend is hydrogen stations in California and perhaps Western Canada impacting the buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected and fallen into the support of the Fib retracement. Zig and zag I look to enter a long trade here and target the recent pivot high with an initial target of half way there as a retrace of a retrace. This would be about 1.02 but I will round it down to 0.99 to be below the psychological level. This is a risky penny stock trade. With FSR falling off the exchange, NKLA is getting some extra trader interest which may help carry it higher. This is a 30 minute chart and meant to be appropriate for intraday or short duration swing traders.
NASDAQ:NKLALong
by AwesomeAvani
NLKA UpdateWell I was reluctant to update this one - but todays price action gave it a little bit of life. Not much. Esp if price cannot get over 90 cents soon. If we retrace and stay below 90 cents its just floundering and could go lower as indicated by lower support (at this point its going to need some serious help if it goes that low). If price gets over 90 cents soon there maybe hope for a Xmas rally on NKLA, but do not get your hopes up. It has to still get past 1 dollar and even then there had better be SOLID pattern. I tend to think it may waffle around in price action and hopefully we get a new pattern as 2024 comes in. If not and this shoots up the max target is the upper yellow line that I see right now- a whopping 1.24 cents. Nothing to get excited about right now, but its better than descending prices. Price action is indicated by the arc and support and resistance lines extend out until end of Dec.
NASDAQ:NKLA
by Moorsc0de
9
Is is a turn araound for ?After NASDAQ:NKLA reached all time low at around 0.6 $ it doubled in almost 10 days. It pulled back to 0.5 Fibonacci level from the 200 days moving average and bounced back and closed at 1.02$ on Friday. The sentiment about the NASDAQ:NKLA is starting to change and recent activity of company shows great improvement. Last quarter they delivered more truck as estimated. Additionally, they are starting to deliver the BEV 2.0. NASDAQ:NKLA is attracting more and more investors as they show more and more progress after all the negativity caused by EX CEO. My prediction is that NASDAQ:NKLA is forming a base at 1 $ and it will go north. Technically, the weekly chart is very bullish based on Awesome indicator. The ratio of risk/reward is low. I will stick to my shares for at least one or two years to see what NASDAQ:NKLA bring to me. Good luck to everybody.
NASDAQ:NKLALong
by Shahi_bak
NKLA can this EV penny stock stop the cash burn/ News LONGNKLA on the 120 minute chart has been in a falling wedge pattern and had the news of hydrogen stations ready to go in the all important California market and now printed a countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further shareholder dilution? Is the board protecting the interests of shareholders ? While this gets figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term? I intend to find out.
NASDAQ:NKLALong
by AwesomeAvani
NKLA likely to move up towards 1.47 and beyondHere is a bullish chart of Nikola Corporation. This looks good for going upward in the coming months. The chart outlines various resistances it has on its way. The first one is a 3M resistance 3MR1 where the price is headed currently. I think the probability is very high that the price on this current move pushes upto 3MR1 after having some resistance and pullback at weekly resistance WR1 level. I will keep watching this one very closely. Current P/B ratio for this stock is also very favorable as it is just above 1 (1.38). This signifies the stock has come into undervalued zone. Let me know what you think.
NASDAQ:NKLALong
by angela_altair
$NKLA Double Bottom - Bearish Bat ReturnReal nice double bottom here locally on Nikola. Really want to see a move above .84 cents here to break MS locally, and confirm the local bullish dragon. First major level is going to be the supply around the .618 there and then the Weekly zone at 2.82 Above the (B) point, you would expect the "Bat Action Magnet Move", a term coined by Scott Carney, which would anticipate a fast move from there to the 886 for the full return as high as about $8 Id surely take profits a long the way, because as a Tesla fan boy, im not real connected to this company specifically, rather just trading the chart here.
NASDAQ:NKLALong
by TradingNomadic
1
Analysing Nikola's 12% Rally and the Risks AheadWith shares in EV manufacturer Nikola (NKLA) surging more than 12% during yesterday’s session. We look at the significance of the rally and why traders should be wary of false dawns. Electric Surge: Nikola’s Momentum Shift Yesterday’s surge in Nikola's share price represents more than just a fleeting market movement, it symbolises a potential shift in sentiment towards the company. For months, Nikola has grappled with scepticism and scrutiny, stemming from a series of setbacks, including leadership turmoil, production delays, and questions surrounding the viability of its technology. Against this backdrop, the sudden surge in its share price indicates that investors may be reevaluating their stance on the company's prospects. The magnitude of the rally and the accompanying surge in trading volume cannot be overlooked. High volume often reflects heightened market interest and conviction, indicating that the rally may have genuine momentum behind it. From a technical standpoint, the breakout above a short-term descending trendline and the 50-day moving average (MA), adds credence to the notion that Nikola's stock may be undergoing a genuine reversal – forming a double bottom at the recent lows. NKLA Daily Candle Chart Past performance is not a reliable indicator of future results Caution Amid Optimism: While the rally offers glimmers of optimism, prudent traders remain cautious of the dangers posed by false dawns. Nikola's history is littered with instances of fleeting spikes followed by sharp downturns, highlighting the need for vigilance in navigating the company's long-term downtrend. Furthermore, the absence of significant news catalysts behind Nikola's rally raises questions about its sustainability. While technical indicators may point to a potential reversal, the company still faces formidable challenges, including the need to demonstrate tangible progress in its commercialisation efforts and achieve profitability. Until Nikola can address these fundamental issues and deliver on its promises, the rally remains vulnerable to reversal. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:NKLA
by Capitalcom
NKLA Stock Patterns Suggest a Bullish Bias LONGNKLA on the one hour chart shows several stock patterns which may suggest a trader to sefely deploy a small portion of available risk captial here to have a good chance to make a profit. In the first instance, a "W" or " reverse cowgirl" pattern is seen as handrawn iin blue line. This is bullish like the "M" pattern is bearish. The second pattern is an assymetrical head and shoulders pattern with a rising to the right neckline suggesting a diagnonal rising resistance over future time. Lastly a high tight flat pattern is seen with the flag of consolidation. The flag pole is about 0.08 in height. Bullish continuation is forecasted by the pattern. The RSI indicator shows the fast green line cycling up and down and holding in the lows above 50. All in all this is decidedly bullish. Fundamentally, NKLA burns cash and raises more diluting its shareholders. OF particular interest to this traders, call options for a strike of 0.50 for Fri Feb 16 went from 0.60 to 0.26 or 4.5X of the course of the day. Stock shares or call options IMO NKLA is a buy - I am doubling my position and will watch it on Friday using indicator alerts on the 15 minute chart. while my screen is showing other action.
NASDAQ:NKLA
by AwesomeAvani
take on NKLAHYDROGEN could be the future of energy? The prospect of hydrogen as a future energy source, especially for the automotive sector, has been gaining traction due to its potential for providing a clean and sustainable alternative to fossil fuels. Several automakers are poised to benefit from this shift, focusing on the development and commercialization of hydrogen fuel cell vehicles (FCVs). Here's a look at some key players in this space: 1. Toyota 2. Honda 3. Hyundai 4.BMW and smaller startup like Nikola if they can survive with bad financial statement.
NASDAQ:NKLA
by ibe9