NKLA 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.
Komentarz
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Just an update... usually in a breakout of a symmetrical triangle as big as this, there should be a retest of the diagonal orange line to $20.40... but considering what GME did... it could just go straight up parabolic.
Bullish on NKLA as well. What's your target for next week.
rkp75
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sure.. will start loading. thank you always
sfon44
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$102 looks unrealistic. What's the time frame
ich1baN
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@sfon44, yeap - that's what they said about BLINK when I predicted it to move from $10 to $48 as well. Timeframe doesn't matter ... but a breakout from a wedge like this can happen in a matter of days or a week or two
Ginossim
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Would you buy options?
ich1baN
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@Ginossim, that's up to you - I personally wouldn't b/c timing can be off and you can still be right on ultimate price target. I prefer buying the underlying in something like this but if you have money to speculate and are okay with 100% loss, then go ahead and buy some long out of the money calls perhaps 6 months to 1 year out.
aztrader83
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From a charting perspective that looks to be a good next move, but unless I missed something in the past little while (I haven't kept up on NKLA news), the company fundamentals have crumbled due to a non-existent product and a CEO that jumped ship. I've been following your crypto ideas a lot lately and believe they adhere to patterns and fibs like what you observe, but do you really think the market is gonna pump NKLA 5x without any major news? Or are you foreseeing them announcing something super significant by the end of that wedge?
ich1baN
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@aztrader83, I see them having commerciable products out later this year or early 2022 and they will generate nearly a billion in revenue within 2 years. By the time their product is commerciable, NKLA will be too high to buy and just continue to fly. Also, Trevor Milton who is a smart tech guy but happens to have the Elon personality issues without the fame yet, is out of the picture and can no longer dent valuation. The new CEO, Mark Russell, is very capable.