Nkla
Expecting a big breakout from next week or today!AAPL has reached its end of the triangulation pattern. This could only mean one thing, time to collect some tendies! The MACD keeps crossing, which means a bullish move is imminent! The RSI is still in the moderate value range, which means that it can break out as there is nothing pulling it back. Although, if a breakout does not occur, watch the key support levels of 130, 128, 126. Resistance is all the previous all-time highs at 137.98, 138.79, 142 and it's current all-time high at 145.09. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
AAPL now is a BUY!
A pattern has emerged again as it has consolidated a bit and now it is gonna breakout! Reasons? 1. AAPL has been rumoured to add Bitcoin as a type of payment, which could skyrocket the company as it introduces a whole another audience and investors into the company. A consolidation pattern has emerged as you can see from the green circles, which means a breakout is imminent. 3. The MACD has crossed so many damn times! Warning! I am not a financial adviser and take this with a grain of salt! Happy trading!
NKLA going to zeroIn my last chart, I called the huge sell-off which was inevitably coming for Nikola:
But, I realized now, that I was still being far too friendly on this company.
After the Hindenburg report, and many other red-flags currently popping up, I had to revise my target.
I think Nikola is about to go bankrupt anytime between December 2020 and mid 2021, thus the stock will go to zero
in a nice ABCDE pattern.
December is the deadline where most Nikola stock holders will be able to sell their stocks, until then the price is somewhat
kept afloat by a high short interest, and clueless investors who apparently don't follow the news too much.
Dead Cat Bounce NKLA - Growth a Long Shot for the Crippled CompaEither two things are going to happen - NKLA is going to have an extraordinary leader come and forge the company through the fire and we see the ULTIMATE "rags to riches" market story. Or....the company will fail miserably. Either way, I'm shorting the oxygen out of this company until they legitimize themselves.
RVI has been held down since the start of CovidCheck the chart it's pretty clear this one is almost ready to make a massive return to "NORMAL". Enjoy. GL
NKLA, MORE TO COME ?God loves triangles so lets keep using them till they stop working! Breakout above the resistance indicates that we are continuing this bull run. Our indicator this morning was the breakout of the huge descending triangle. Lets wait to go long for another breakout of this symmetrical triangle forming circled in white.
NKLA Breakout Upside Target $102NKLA backed by an extremely accommodative administration when it comes to renewable energy will surge beyond $100 once it breaks out of this downtrend line. This is a hidden gem that has not had the spike like almost nearly all other renewable energy stocks like BLINK, RUN, TSLA.
The time is coming - load up now before you miss out on the coming surge.
NKLA POSSIBLE BREAKOUT SOONThis is the fourth setup of this pattern, if history repeats itself then I believe this is about to breakout for a 10-20% day within the next week or two. Depending on which day it takes off, we could see highs of close to 26 per share. I want to see 23 EOD 1/26 and for it to hold into 1/27. This is a short term bullish move and unless we breakout of the descending triangle I will not change to a bullish stance in the long term.
Why QuantumScape Will Give You A 370% ReturnAlthough there are many controversial opinions about their battery technology and that they won’t deliver, this analysis doesn’t focus on the fundamentals regarding that. This is simply a TA based approach.
Elliot wave Theory:
QS have finished a wave 2 correction; it is now ongoing for a 3rd wave up. As long as QS maintains current price and DOES NOT go below 44 USD , the bullcase for 250 USD is still in play. If it breaks 44 USD, thereby the 1.618 trend-based fib extension, it could go very much lower, and we would have a case just like NKLA, where continues lows are being made from that point.
CCI
Looking at the CCI indicator I like to look at levels such as -200, in order to determine whenever to buy a stock. Right now, the CCI is at -233 on the 4H, which makes it a perfect indication for a retrace up.
RSI:
Looking at the 12H RSI we have it approaching the last support it made at 32.15. One could make EW based on the RSI alone, so if we break 32.15 on the 12H RSI, the bullcase is therefore gone. So look for that point of interest.
Overall the stock is on a major black Friday discount, and is a major buy after a -40% correction.