Upward Trend Reversal Imminent

2020年6月27日

Plenty written about the warrants and upcoming registration sale here: seekingalpha.com/article/4355341-nikola-sminus-1-filing-is-ticking-time-bomb-for-longs

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.

2020年6月27日

交易進行

Will add to put position if MACD shows additional downward trend confirmation.

2020年7月2日

註釋

Adding to put position for 3rd time in last 5 days. downward momentum confirmed by declining RSI MACD and volume. Expect sp to be in the low 50s by end of next week. potential to fall into 40s if panic ensues on RH.

2020年7月6日

交易進行

Adding to put position for 4th time in last week. target price high 30s.

2020年7月7日

交易結束：目標達成

taking profits