NKLA - Below .60 againNikola is below 60 cents again. The closer to 50 cents the better. Either way this is our support key zone between 50-60 cents. Is this another opportunity or will price fail this time?
1NKLA trade ideas
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.
#NKLAnew point for buy to penetrate the higest beak
entry point0.655$
stop loss 0.64$ very low risk
target 1.50$ then 2.5$ very high profit
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.
NKLA BULL FLAG 4HREasy R:R after it broke the descending wedge at the double bottom the asset is now flagging. Could easily return back to its peak of $1.82 and higher if TA is respected. GL and be safe traders!
5 USD per Share NikolaHow awesome , this Stock considered high risj high reward, i can see this Stock 5 USD per share near future sometime end of this year
please note Stock considered long term investment unlike other cfd , buy the bags then leave it for years you equity will be 10X
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.
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.
NKLA - Watch at or below 50 centsNKLA - Nikola is approaching the 50 Cents mark. A brief opportunity in a period of price weakness? Growth and loss become exponential at this point. A move from .50 to 1.00 would be a 100% increase in price. A move from .50 to .25 would be a 50% loss. Are prices below .50 optimal prices for scalpers or swing traders? Or, is it time to build a less expensive position trade?
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.
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.
$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.
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.
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.
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.
Nikola how low can it go?I think we have a nice double bottom with 30-50% possible down side and huge upside. It's a gamble, but I am stock gambler. I took a very small position. I like the chart and suspect this could under accumulation. Lots of analysts have much higher targets than here. Nikola sold off the Badger line to a close friend. Will this allow them more time to focus on electric / hydrogen trucks and gain edge again??? Not financial advice, DYOR.
NIKOLA Stock Chart Fibonacci Analysis 022624Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 0.78/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$NKLA Bullish again Random Stock market cycle pic found some intresting candidate to buying position, this the stock which went all way to 92,5 usd dollar during Trever Milton BoOm , But 99% drop from all time high , But now they produktion started real fuel cell truks in the market we will see new wave upside available to those who love the Stocks please note that Stock are always long term senario investment unlike quick cfds , if your investing thing that you forget some thing upto one year or two Good luck
NKLA Nikola Corp Nikola Corporation Reports Earnings Results for the Full Year Ended December 31, 2023
February 22, 2024 at 09:01 am EST
Share
Nikola Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 35.84 million compared to USD 49.73 million a year ago. Net loss was USD 966.28 million compared to USD 784.24 million a year ago.
Basic loss per share from continuing operations was USD 1.08 compared to USD 1.67 a year ago. Basic loss per share was USD 1.21 compared to USD 1.78 a year ago. Diluted loss per share was USD 1.21 compared to USD 1.78 a year ago.
Nikola Corp. NKLA - The bear is finally going into hibernationWe might have seen the worst of the bear market for NKLA. The strong downside movement is part of a long term correction wich in the Elliott Waves Theory coincides with the ABC pattern.
Wave C is almost complete and is forming a wedge pattern with its wave 5 < wave C. That means that the following movement should be a new impulse which could start with the breakout of the wedge.
In this scenario we implement the following strategy:
- Entry point: the breakout of the wedge;
- TP: $ 1.70; $ 1.98;
- SL: $ 0.62
It should be reached in very short term once the pattern is complete. We suggest to operate with trailing SL and TP in order to take advantage of potential stronger upside movement.
NKLAThis Week FORECAST
Opportunity for NKLA. This setup trading idea is for intraday. >> TAYOR
*If you want make long term investment, this counter very good to invest.
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
NKLA gets some momentum LONGNKLA had a nice long test run of one of its trucks in California this month. It signed a deal
for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel
along with its vehicles and get government subsidies along the way. The days of doing photo
shoots of a prototype truck rolling downhill are clearly in the past. While alwys speculative,
NKLA is getting more search hits on Bezinga and Zacks suggesting there is trader interest and
maybe even some investors.
On the 120 minute chart, NKLA has ascended about 25% in the past week. It is approaching
the intermediate and longer-term anchored mean VWAP lines in black. It is there that volalility
and volume are expected to be the highest. This is 0.84 to 0.89. In this zone, institutional
traders may take or exit positions. The upper end of the high volume area is at 0.90.
I will take a trade here expecting price to go about 13% higher to 0.88. There it will either
continue the VWAP band breakout or be rejected from that resistance level. The RSI and MACD
indicators show bullish momentum to validate the long trade idea. An additional
factor is whether a short squeeze could ensue. In the near term from now until March, the put
to call ratio is 0.05 to 0.25 making for very few near-term put options. However, in the
April monthly the overall put-to-call ratio is 3.5. This suggests an expectation of a good rise
rise in the next 1-2 months and then a correction or breakdown at 3 months. In July the ratio
falls to 0.05 at least for the time being. If a short squeeze does get set up, put positions
in April will be liquidated in short order and the buying of call options to cover those puts
may accelerate the trend up.
Overall, my target is 0.88 while the stop loss is 0.73 under the evolving POC line of the volume
profile. Since my call options printed a 60% profit for the day, I will add to the position
to capture more of the expected move. ( $1.00 Strike 2/9 expiration currently $2.00 per
contract- no stop loss total loss vs expected gain 250%+)
NKLA#short term -it is making down widge
entry point 0.75$
target target 1.60 $ to 1.70 $
stop loss 0.55 $
#long term
Entry point 0.75
target 9 $
stop loss 0.48 $
