BBTrader29

NKLA Snapback/Bounce

Long
NASDAQ:NKLA   Nikola Corporation
NKLA has had 4 consecutive sell off days, with another big sell off after reporting earnings today. This has now sold off into support zone around the 10.20, while being overextened to the downside and oversold on stochastics. I believe this will have a relief bounce back to the 12 range. Also the Short Interest and Short Ratio are high on this stock, this could lead to a squeeze the same way it did back in April when it hit this level.
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