NKLA cruising down but could find support in $48-$56 range. Short

Nikola CorporationNASDAQ

Description

⋅ Jul 15, 2020 11:34 PM

Could find support in $48 to $56 range.
Two candles below $50 is probably a good short position

The more I heard Trevor Milton speak, the more desperate he seems
Think Cathie Wood agrees:
cnbc.com/video/2020/06/29/ark-invests-cathie-wood-contrasts-tesla-with-upstart-nikola-theres-just-no-comparison.html

Is there any news on the horizon?

Comment

⋅ Jul 17, 2020 7:46 PM

So looks like a podcast between Cathie Wood from ARK and Milton is coming soon - youtu.be/LpLrxblsWZE?t=210. Check out Milton losing his cool and calling Cathie Wood's fund "shit". youtu.be/LpLrxblsWZE?t=256 If that's any portent, my guess is she will shred him and stock goes even lower.

Trend Analysis

Comments

Dougs1125

⋅ Jul 17, 2020 7:15 PM

I grabbed at 44$ so I’m sitting pretty at the moment. This isn’t a stick I’m shorting.

moonshot

⋅ Jul 17, 2020 7:47 PM

@Dougs1125, nice - early next week should give some signs if it recovers.