NKLA had to contend with a lot of bad news over the past two or three weeks but has held up well despite the headline headwinds. This should offer some downside stability against future bad headlinesNKLA. Price is at bottom of value range on 3-week and 3-month volume profiles, offering plenty of upside until it runs into resistance/POC around $34.
what reason would anyone buy on Nkla to go to upside, they are a shell.
quod_erat
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@chrisa1515, maybe. But at its current level near all-time lows, I'm thinking of it more as a binary lottery ticket. Get in with whatever you're willing to lose, and it either goes to 0 or to triple.
EmpireConsulting
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Errrrrr has it?
quod_erat
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@EmpireConsulting, nope! Fortunately, there was a nice little area around 26 to get out without too much pain. Part of the down move is probably just tied to today's market weakness, but not all of the 20+% drop. I'm not getting back in unless it goes back up and holds 30 again.