Nikola - Fugazi or Fugaizi , lets break it down

Nikola
This stock goes to show that at the market anything can happen and fundamentals and technical analysis just don’t matter ! let me explain.
What ever analysis you try implementing on NKLA chart you will receive no logic , no cycle, barely any resistance and support levels, and hardly the ability to analyze the price action movement according to any past movement -and that is for one reason only – SENTIMENT analysis!
One of the more significant analysis in the world of stocks that is simply not mentioned enough.
NKLA was not directly IPO’d and was traded under VTIQ (VectolQ acquisitions) and reached a market value of nearly 12 billion on mid May -why – “hot air” as I like to call it.
Factory was fake, the truck they used was not even driving but was rolling down a hill, and the previous CEO was just a pure salesman, and a damn good one.
Stock jumped several times as seen on chart purely on expectation and hype without completing one single vehicle, yet its traded from 25$ to 18$ in the last month in hope of a deal to be made with GM Motors which also isn’t even close to finalizing.
GM Motors will be the exclusive supplier of fuel cells for Nikola class 7/8 trucks along with receiving 2 billion equity stakes in Nikola, in return they will basically build the Nikola Badger model for both electric and fuel cell vehicle.
This stock moves on sentiment and sentiment only -no technical analysis applied whatsoever.
If I had to invest I rather invest in my neighbors daughter lemonade stand before buying this stock as an investment, that being said I would flip it though!
If this deal goes through, which doesn’t seem at the moment, the stock will make another guest star appearance on top winners in the screeners, but other then that its dead in the water!

This is not an investment advice , just our personal opinion at fatdogoestrading team
Trade safe!

トレード終了: 利益確定目標に到達:

crashed all the way to 18$ i think this company is done.
next time dont fake a truck in your videos :)