NKLA has entered close to a buble correction with it hitting 60% correction with $28 being a 70% correction from the high. I personally bought a portion from my portfolio for a speculative play with NKLA world coming up and earnings coming very soon.
News -Trevor is more active on social media defending NKLA, yet isn't as comical as Elon -NKLA with Trevor has been posting more on NKLA's semi, yet we still haven't seen sneek peeks of the Badger just yet -Preorders of the badger came out, yet no numbers have been publish, to me I'm waiting for earnings to see if they discuss them and orders on the semis -on July 1st the PIPE and aquastion were able to sell and we saw the a massive sell off. Take this with a grain a salt since alot of bulls say there's no proof they sold, yet we havn't seen them buy/hold either. Only thing we have seen is volume picking up after that day that is comparable to the first run up to its ath. -To recap current NKLA news I do recommend watching "Financial Education" since he has pretty good summary of current news that is unbiased and raises questions that common investors like you and me have.
TA -Volume is still massive since NKLA last earning report and at current price if the uptrend continues a price target of $106.35 is something to watch out for if it produces the same % return. -Major resistance between the old trading zones of 59.90-69.94, which you can speculate at current levels did with caplation after the PIPE and Warrants were available to be sold on the market. -RSI is beyond oversold on the Hourly and the daily its oversold sold by 14. -MACD is playing around atm showing uncertainty what the investors want. With past experience it could mean more downside unless there's positive news that comes out. -EMA are bearish with the gap widening with a possibility of a quick trade for a short squeeze. -Levels I'm looking at is the 70% correction zone 27.88-37.29 to find a new support base and have the volatility slow down. -Current VPVR levels show we are under high volume interest which reflects the oversold RSI showing a move to the upside is very possible in the short term
Final thoughts I think in the short term we could see upside, yet don't be surprise seeing a sub 30 NKLA. I'm buying for speculation on earnings report and NKLA world in december and think its a great time to get in a small postion until you see confirmation and positive news before going all in on the speculative play.
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Conservative price if earnings are good is range of $65-$80
i bought this at 68 for 5 shares lost half of my money. thought it would stabilize, lost more and i sold it for 2224 usd. Sad but it is part of trading.
I sold it to make more money somewhere else so when it eventually drops below 20 usd... and stabilize i will jump back on it.. it is on my watch list...
if it starts operating and rising.. i am cashing in 2000 shares. it would be TESLA's major competitor...
if i could use hydrogen to recharge my batteries and still run and still drive at the same time when my hydrogen gas is done why not go this car?
This bring the TaaS - transportation as a service to reality.
These are just my thoughts...
I will say keep an eye on it
yupyupyup
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What the fuck you talking about Earnings? What earnings?
nathanielx9
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@yupyupyup, I'm not expecting earnings in money being made. I'm more interested in the details of the orders and guidance
I sold it to make more money somewhere else so when it eventually drops below 20 usd... and stabilize i will jump back on it.. it is on my watch list...
if it starts operating and rising.. i am cashing in 2000 shares. it would be TESLA's major competitor...
if i could use hydrogen to recharge my batteries and still run and still drive at the same time when my hydrogen gas is done why not go this car?
This bring the TaaS - transportation as a service to reality.
These are just my thoughts...
I will say keep an eye on it