Using 2 Fibonacci retrenchment tools because there is no question at this point whether this is bullish because there is no doubt that with the volume Nikola had, and this big pullback, will cause a massive breakout. If you dont think this stock is is a bullrun then im not sure where you learned basic principles of trading. We're buying the pullback on this at a major discount. Anyways now that we agree its bullish, we take the first fib tool and slap it on there. Then grab a second fib tool pop the bottom as what we see today and we put the .5 on the previous peak. Gives us a new potential high of around 150$. Sell around 110-150 on the upcoming breakout on the option calls.
* If bitcoin shoots up before the market opens on Monday morning, stocks will open with a gap.
Your analysis doesn' t make sense and it' s purely wrong there is no sign indicating there will be a bullish trend anytime soon!! Are you paid by Nikola?
usablewifi
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@andyscappinimon, LOL hey bud lotta shit talking for not having posted ANY analysis of your own.....
On July 23rd NKLA submitted a K8 form to Sec that allows Trevor to sell his share 180 days sooner that originally agreed on. This allows him to sell off all his shares, 1 day before Nikola world. Do you see this as a potential red flag?