Currently waiting to go LONG near 20-24 area
First I apologize as I can't figure out how to remove the blue vertical lines in the background in my shorter-term charts. If you will be so kind as to educate me on how I would be most appreciative. Please & thank you in advance.
The first retest noted in red came in at 0.862 & I see a Bullish Gartley completing near the .869 area near $21.86 but keep in mind I trade very very few stocks. Mostly futures & 4x.
This is a high risk trade but I see at least a 3x outcome.
If you check out Finviz on NKLA you will see Institutional Buying which is something I like to see. They have deeper pockets than i so it helps to be looking at the same positions, IMO.
I believe this trade will come in within the next 2 weeks so please share your thoughts on this company and/or my chart. I am always open to another vision and posting this will help me see how close I come in.
Best of luck traders and be safe!
finviz.com/quote.ashx?t=NKLA
Index - P/E 490.49 EPS (ttm) 0.06 Insider Own 0.70% Shs Outstand 360.90M Perf Week -38.74%
Market Cap 11.61B Forward P/E - EPS next Y -0.71 Insider Trans 0.00% Shs Float 126.96M Perf Month -59.67%
Income 1.80M PEG - EPS next Q -0.14 Inst Own 11.10% Short Float 9.08% Perf Quarter 135.59%
Sales 0.42M P/S 27918.38 EPS this Y 9.00% Inst Trans 88.02% Short Ratio 0.75 Perf Half Y 189.08%
Book/sh 8.04 P/B 3.72 EPS next Y -24.60% ROA 0.80% Target Price 62.50 Perf Year 198.31%
Cash/sh 0.00 P/C 9678.37 EPS next 5Y - ROE 0.80% 52W Range 10.16 - 93.99 Perf YTD 189.93%
Dividend - P/FCF - EPS past 5Y - ROI - 52W High -68.17% Beta -
Dividend % - Quick Ratio - Sales past 5Y - Gross Margin - 52W Low 194.49% ATR 6.06
Employees 256 Current Ratio - Sales Q/Q -53.20% Oper. Margin - RSI (14) 34.72 Volatility 8.95% 10.90%
Optionable Yes Debt/Eq 0.00 EPS Q/Q -115.40% Profit Margin - Rel Volume 1.94 Prev Close 33.94
Shortable No LT Debt/Eq 0.00 Earnings Aug 04 AMC Payout 0.00% Avg Volume 15.44M Price 29.92
Recom 2.30 SMA20 -43.48% SMA50 -38.44% SMA200 46.55% Volume 30,000,705 Change -11.84%
The first retest noted in red came in at 0.862 & I see a Bullish Gartley completing near the .869 area near $21.86 but keep in mind I trade very very few stocks. Mostly futures & 4x.
This is a high risk trade but I see at least a 3x outcome.
If you check out Finviz on NKLA you will see Institutional Buying which is something I like to see. They have deeper pockets than i so it helps to be looking at the same positions, IMO.
I believe this trade will come in within the next 2 weeks so please share your thoughts on this company and/or my chart. I am always open to another vision and posting this will help me see how close I come in.
Best of luck traders and be safe!
finviz.com/quote.ashx?t=NKLA
Index - P/E 490.49 EPS (ttm) 0.06 Insider Own 0.70% Shs Outstand 360.90M Perf Week -38.74%
Market Cap 11.61B Forward P/E - EPS next Y -0.71 Insider Trans 0.00% Shs Float 126.96M Perf Month -59.67%
Income 1.80M PEG - EPS next Q -0.14 Inst Own 11.10% Short Float 9.08% Perf Quarter 135.59%
Sales 0.42M P/S 27918.38 EPS this Y 9.00% Inst Trans 88.02% Short Ratio 0.75 Perf Half Y 189.08%
Book/sh 8.04 P/B 3.72 EPS next Y -24.60% ROA 0.80% Target Price 62.50 Perf Year 198.31%
Cash/sh 0.00 P/C 9678.37 EPS next 5Y - ROE 0.80% 52W Range 10.16 - 93.99 Perf YTD 189.93%
Dividend - P/FCF - EPS past 5Y - ROI - 52W High -68.17% Beta -
Dividend % - Quick Ratio - Sales past 5Y - Gross Margin - 52W Low 194.49% ATR 6.06
Employees 256 Current Ratio - Sales Q/Q -53.20% Oper. Margin - RSI (14) 34.72 Volatility 8.95% 10.90%
Optionable Yes Debt/Eq 0.00 EPS Q/Q -115.40% Profit Margin - Rel Volume 1.94 Prev Close 33.94
Shortable No LT Debt/Eq 0.00 Earnings Aug 04 AMC Payout 0.00% Avg Volume 15.44M Price 29.92
Recom 2.30 SMA20 -43.48% SMA50 -38.44% SMA200 46.55% Volume 30,000,705 Change -11.84%
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