01/28 NKLA - mid-term investing idea
Hi all,
NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here.
Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area).
There is a high potential that this stock will go above DTL 1 and retest it, and go above.
This stock currently presents very good RR, SL should be placed right below 50% fib level.
The first target is $38, but it will probably go above and beyond.
NLKA is continuously making higher lows for a few weeks signalling possible institutional accumulation here.
Attempt to spike over DTL1 failed on Jan 27, but buyers successfully accumulated at 50% fib level ( $23 area).
There is a high potential that this stock will go above DTL 1 and retest it, and go above.
This stock currently presents very good RR, SL should be placed right below 50% fib level.
The first target is $38, but it will probably go above and beyond.
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.