$NKLA Time to Ring the RegisterNKLA is a stock we looked at when it traded as "VTIQ" some weeks ago at around $22 as a pullback buying opportunity.
With Monday's latest extension, it's probably time to ring the register.
NKLA trade ideas
CNHI Owns 7.1% of NIKOLA - Bullish Charts, BUYCNH Industrial ( CNHI ) owns over 7% of NKLA
7.11% = 25,661,449 Shares = Over $2 Billion dollars and growing
I am taking a good guess after researching CNHI, they might be supplying NKLA with powertrain, transmission systems, axles and other parts for the electric / fuel cell vehicles.
The Daily & Weekly charts for CNHI are BULLISH
CNHI is the stock to own along with NKLA especially if you cannot afford to buy NKLA at current levels.
Also, CNHI is the safer bet because the company is profitable "ASIDE FROM" the 7.11% ownership in NKLA
CNHI has a low P/E and a strong balance sheet too.
As NKLA continues to move higher, CNHI's stock price should follow.
At $8.65 cents, what do you have to lose? The positives outweigh any negatives if you buy CNHI
Long!
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Easily will Surpass $120, Mark my Words!First off, please don't take this seriously or as financial advice. As always, this is on an opinion based basis. That being said, I been following this since it was $48, and then I saw it hit $52.40 at noon. I knew this was going to blow up. Nikola has been blowing up. One of the biggest bull runs ever I seen for EVs. Now it closed at $73.27, and post market already grew by $14. The support is definitely there. I was originally going to say it will hit $100. It looks like it can surpass now even $120 quite soon.
NKLA doesn't make senseThey haven't made a single product. They don't appear to own any I.P. Every public announcement is contradicted by earlier announcements. Nothing make sense about their financials, their cash burn, their contracts.They have a zillion pre orders that require no information or down payment. It smells like a scam
NKLA, the other half of TSLA, trying to make a move?Looks like it might want to break past that 40 level. Given the stupidity of the name (Nikola... Tesla...) and their elecric trucks, I wouldn't be surprised if this makes a huge run at some point... ie Why not rotate out of some TSLA and into some NKLA
NKLA Looking to Break Out for the Afternoon Looks like we're breaking out here. Be careful but be long.
Opinion only, not trading advice. Trade at your own risk.
NKLA Full Video AnalysisIn this video i provide a road map and potential topping formation on the hourly time frame. It would be unwise to hunt for a long position at these levels. The fear of missing out can be a powerful emotion that must be controlled if you want to succeed as a trader. We must make logical trading decisions based on confluent factors. Using multiple indicators and tools to establish future price action is the goal.
Please refer to my Educational video on elliot wave using fibonacci to get a more in depth view on my trading style.
Thank you for your time and thank you for stopping by
Rigo
NKLA, Uptrend Lines are still intact on Daily, and Hourly.NKLA, Uptrend Lines are still intact on Daily, and Hourly.
Its also Above the 50 Period MA and 20 Period MA
The formation is a rising Wedge with overhead Supply at $37.55 to $38.92.
A possible break higher would bring it above the $40s.
