NKLA Long Term Looks Very UnhealthyGoing to be watching for breaks in these 2 crucial zones. Overall, look very bad. It’s a ticking time bomb.
NKLA trade ideas
$NKLA Nikola Chart Review
Broken bearishly from wedge on Friday.
Currently sitting on critical support-
-Volume Shelf
-Daily horizontal support
Support below this level is very limited and it
must also be remembered that the current valuation is very Similar to Ford,
#while having ZERO sales.
Indicators are bearish and rolling over.
Speculative stock and high risk at current valuation.
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My first idea, NKLA moving up before going down to 40-60 rangeI think after the opening of the badger reservation, and maybe announcing the OEM partner, the stock will have some momentum pushing it up high, which will make it way far from the 50 MA, so I think it might go down near the 50MA. I have 3 scenarios when its going down, maybe it will be in the 40/60 range, its just an idea I thought to share it
Cheers
Upward Trend Reversal ImminentPlenty written about the warrants and upcoming registration sale here: seekingalpha.com
This week NKLA will take pre orders for their new truck. Would you buy a truck not knowing where you can fill it up with fuel? Thats essentially what NKLA is asking you to do.
Company has already said they will not share pre order numbers. This is a tactical way of dealing with the numbers. If they are good, I'm certain they would share the numbers. If they are bad, they have already covered themselves saying they wont publish them.
Given they dont publish pre order numbers, what news will continue to drive the stock forward?
No factory partner, no fueling stations...no near term future for the stock especially with the warrants and registration looming.
30 day price target = $35 per share.
NKLA: Huge upside with low riskWe have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance.
That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field.
Cheers,
Ivan Labrie.
NKLA LEVELSWait for 77 break to go long for a move up to 94, or wait for under 68 to go short for a move down to 61.
this is just stupidShort on this. Fundamentals say more than I could ever say. The big top will give way to a big drop, especially if the indexes tank. Another electric car stock bubble waiting to burst.
NIKOLA CORPORATIONNASDAQ:NKLA
That's not a bad paper for tickling nerves.
The company itself is quite interesting.
1. Firstly, marketers have clearly tried with the name: NIKOLA CORPORATION. Since the paper belongs to "Auto Manufacturers", it is easy to make an association:
Nikola + Tesla = Nikola Tesla is great physicist, scientist, inventor in the field of electrical engineering and radio engineering.
2. Serious volumes in trades have appeared relatively recently.
3. Extremely low sales, only: 0.42M.
I would not recommend this company for long-term investments, especially since at least three serious financial estimates are not yet ready for this company:
Piotroski F-Score
Altman Z-Score
Beneish M-Score
4. However, this does not prevent it from trading within a day.
5. We have a strong level 77 on the upper level of the downtrend reversal.
6. Near retest.
7. We're approaching a big bar, which means it's quite possible not to take the level from the first time.
Get up above the level very carefully.
The safest thing to do is to wait for the breakout and fixation above the level.
For the trading guru: aggressive scenario go long in a breakout bar and if you get signals for shorts - turn over to SL*2. I call this strategy a "dead loop": when you turn a position from long to short on an SL trigger.
NKLA inside day breakout longNKLA went skyrocketing last week and had been consolidating in the past few days.
Here we got this inside day as a chance to enter the trade.
Not a very good though but this name means something to me lol.
Willing to take this breakout today yo
Let's see how it goes yo!
NKLA: Bullish pennantBullish Pennant
PPS above 50MA and 200MA
High ATR, but descending (Lower volatility)
Descending volume
200MA ascending, low sampling
250RSI above 50, low sampling
R/R above 5
If confirmed:
Goal #1 = 137.52$
OPENING: NKLA JULY 17TH 55 SHORT PUTfor a 21.95 credit.
Notes: High rank/implied after going public (134/328). Cost basis of 33.05 if assigned on the 55's. The July at the money 80 short straddle is paying around 60.00 relative to a share price of 81.33 or about 73.8% of the share price, which doesn't happen very often ... .
NKLA Keeps addingBeen hoping this thing would keep sliding, but it looks like its found a slight foothold here around 62.
Have my eye on a possible bear pennant, but not ultimately convinced just yet. IF RSI goes overbought I likely enter some short positions with a target around 62
Big potential for NIKOLA CORPORATIONHey guys, NIKOLA CORPORATION is in a bullish configuration, possibility of pull back for breakout rise in the consolidation zone, bridged the gap then fell back at the end of the session.
Please LIKE & FOLLOW, thank you!
$NKLA FOMO Rally IdeaNKLA like this name over $70 with plenty shorts just above. Around $1.1M in calls came in from trader/hedge worth keeping eyes on tomorrow.
Nikola (NKLA) - Added to my risk portofolioIt's my personal vision. This idea does not provide the financial advice.
NIKOLA: $67 the Pepsi in Coca-Cola the beauty of being number 2 is it will do all the tricks in the universe to be at par or better than the leader
NKLA LONG play - Looks LegitGoing long on NKLA $66 /w 30 shares
double down at 73. I'll exit if the uptrend breaks on daily.
Target is the moon.
Stop loss @ 60
Journal Entry
Break Out TimeCEO is punching back and giving facts. Hard-working, meeting with folks, making real products, I like it.
NKLA THE SEMI ELECTRIC TRUCK CO. AN IDEA NKLA is show casing its consumer truck, which is a mix of the F-150 and cybertruck, yet more modern and update looking compared to the cybertruck. NKLA in a modern feel to help get people that love trucks into electrical and clean energy vehicals. The Stock is currently trading at $63.10, to be transparent I did buy shares in this Company on Monday and I am at a break even point. One of two things could happen the company could start taking off as most analyst think or TSLA could buy out the company, either way I want to go along for the ride.
$NKLA Sets Up Range Trade with Useful Shakeouts to ComeNKLA is one we covered a few days ago. We suggested a long off the pullback to the $22 area in mid-May, and then suggested ringing the register after the breakout on June 8.
That means traders should have sold the June 9 open, which locked in prices above $90. From here, we would look for a range trade likely to retest the $50 area, which may set up well for a new shot when it happens.
NKLA breakout tomorrow?Hello, today I would like to go over NKLA and what I believe in the company.
First NKLA and TESLA can coexist in the same place, neither one or another is better than the other. They just chose to tackle the problem in a different way. NKLA makes the argument that their business model will be more cost affective for consumers than TESLA approach with regulatory problems with electrical cars. When travling you might pay less or more depending on the state lines you are in with eletrical cars not much different with gas right, well it cuts the cost of fossil fuels so its a win, yet NKLA wants to even the playing field cutting the cost across all fuel recharge stations through its hydrofuelcells, also you can get a hybrid of hydrofuelcell or electrical truck if you want. Now NKLA stated that it isn't here to take over TESLA market, it only wants to focus on commercial trucking and will have a consumer heavy duty truck, which is the only competition with TESLA. Commercial trucking makes up alot of pollution in on the roads, so they are trying to solve the commercial problem as of TESLA solves the consumer problem, so win win.
News
NKLA is show casing its consumer truck, which is a mix of the F-150 and cybertruck, yet more modern and update looking compared to the cybertruck. (don't get me wrong TESLA has a solid truck and looks great, but from an ad perspective i go with NKLA in a modern feel to help get people that love trucks into electrical and clean energy vehicals. Plus they might not feel so silly driving a cybertruck as we transition.)
TA
Right now we could suspect a breakout tomorrow, yet the problem with whats happening is the short positions are growing at an alarming rate. Whos shorting this? Well you got insitutions betting on TESLA over NKLA, TESLA investors, and many analysis that just don't understand. Also before it was known as NKLA it was launched at around $9 and has been rising ever since unlike SPCE, yet it never launched as NKLA until a few weeks ago.
-RSI is over sold, yet not overlly oversold
-MACD has turned bullish
-We are holding the 50ema as support
-If you do want to buy and are too scared to go all in or whatever I do give a range of 62.95-65.59. a break above 69.89 could cause a major breakout hitting 73
Final thoughts
This is a very speculative asset and it best to buy in a few shares. I give the price target of eoy at 200 dollars (this guy is crazy), yet hear me out. We are gonna see the consumer truck at the end of this year, bullish, by the end of year in fall I do suspect us to get the numbers of how many orders they have for 2021 production, and last there is small chance that the consumer truck may come out early if they are show casing it now, may be a summer or fall 2021 release. For now I'll go lone and swing trade with other stocks like NCLH and SAVE.
