TheGreatBatsby

$NKLA there is no denying it's bearish setup

Short
NASDAQ:NKLA   NIKOLA CORPORATION
It pains me as an early VTIQ investor to say this, but the chart isn't lying. The TA shows an extremely bearish set up, with support around $33. Decision time for me on whether to sell warrants or not.
Comment: Down to 38, while warrants jump. They are meeting in the middle ground now.
Comment: Literally one of my best calls, and I'm glad I trusted my TA. Even the support level call at $33 is playing out.

Comments

Why wouldnt it break to the upside? Continue with the bullish momentum before the triangle, thought it was a continuation pattern?

Nvm you posted this chart at when it was at 48$, now at 41$ good call
+1 Reply
TheGreatBatsby tymccann28
@tymccann28, The angle of the moving averages, along with the stoch and RSI were what made me lean towards bearish resolve. Additionally, I knew the warrant registration was coming sooner or later. Thanks!
Reply
your triangle is not accurate
+1 Reply
TheGreatBatsby jackylam416
@jackylam416, ok, what ever you say.
+1 Reply
Lucid_Liquidity TheGreatBatsby
@TheGreatBatsby, your triangle is dead balls on point accurate. Nice job.
+1 Reply
ekafintu jackylam416
@jackylam416,
Is there any accurate way of drawing?
These things have always been subjective.
Reply
@ekafintu, exactly, a lot of people think resistance is static line, it's more like a zone. I've never seen resistance or support always respected exactly.
Reply
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