NKLA is one we covered a few days ago. We suggested a long off the pullback to the $22 area in mid-May, and then suggested ringing the register after the breakout on June 8. That means traders should have sold the June 9 open, which locked in prices above $90. From here, we would look for a range trade likely to retest the $50 area, which may set up well for a new shot when it happens.
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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.