Obviously nikola is hates, is in a clear down trend, and hard to belive it could ever come back. It was in a massive pattern, had a fake breakout from 17.25-30$ weekly EMA then bad news came out along wirh a TD9 flash the day prior and crashed back down. I played from 17$-27$ and sold. I am looking for a potential play here that could go south but I have a stomach of steel. Bullish divergents on the daily, if this wants to get back into the pattern and breakout, this falling wedge could breakout to 21.70 $. A break down could be to 8$. Your choice. Keep an eye could be a secret play here...no one wants to long nikola, possible short squeeze in coming
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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.