NKLA has tumbled all the way down to all time lows. The stock price began at the $10 range. Price has now hit that all time low, and has recently seen a surge of volume come in. This is 5 times relative volume. This indicates to me the stock has reached a capitalization point, which will create a significant bounce in price. This can be considered a longer hold if price stays above the 10.20 support level. Profits can be taken around the 14-15 range. Earnings are coming up on May 6, which i believe a run up in price will occur up to that point.
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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.