NKLA can this EV penny stock stop the cash burn/ News LONG
NKLA 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.
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.
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Zoomed to 1 minute and percentage scale for intraday trade.
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NEWS again finance.yahoo.com/ne...first-220000392.html
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NKLA had a nice dip after the morning bell as a buying opportunity which was bought up quickly and then sideways to end the trading week. The hydrogen station in California doing its thing for the new big rigs.
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Big move today. 25% of the position closed. Watching for a pullback to add into.
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NKLA had a great day- has been coiling accumulation the pump is on. No surprise if shorts cover. Buckle up. The big rigs are rolling in California ( not downhill from gravity) Cash fire is getting a sprinkler.
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NKLA has continued higher. Algo forecasts a top now. will take the remaining 75% off
on Monday with a profit expectation of 50%
on Monday with a profit expectation of 50%