Looking at a pretty clean day trade setup for NKLA here. Looking at an entry at a retest of 70, with a tight stop loss just below. Green lines are the two target areas. NKLA has gone parabolic and has no business being at it's current price. That being said, there is no telling where it will stop, big swings up and down in this one will continue. Just have to play it smart and carefully.
If a break of 70 were to occur. Look for the next entry to be on the 9 dma around 59...
If a break of 70 were to occur. Look for the next entry to be on the 9 dma around 59...
Comment:
70 broke down on volume.....