Like I was predicting earlier today, Nikola broke down from it's bearish consolidation period. Support is still at $33, but with warrants jumping in price to $27 this implies a $38 stock price for Nikola. It's good to get this bearish consolidation out of the way, and good to get the warrants out from hanging over its head. Now its time to build support.
It pains me as an early VTIQ investor to say this, but the chart isn't lying. The TA shows an extremely bearish set up, with support around $33. Decision time for me on whether to sell warrants or not.
If the fuel of future cars will be hydrogen, then Nikola is already there, offering long miles hydrogen electric powertrains. Nikola Motor Company is a pioneer in electric heavy duty applications. Nikola offers both pure electric and also hydrogen electric powertrains. Nikola Badger EV pickup will debut at Nikola World 2020 in December offering 0-60 MPH in 2.9...
One month ago, Alex Vieira warned Nikola investors to sell their shares at $89 to invest in Tesla, to make $1 billion. One month later, Nikola's share price is down 60% while Tesla doubled in market cap turning into the most valuable automaker in history.
I was right to switch off from being bullish on Nikola to bearish right at the extremely profitable point. Now if you looked at some posts I made about Nikola on July 1st , you can see how I was very skeptical. I was already noticeably bearish prior, but after doubling down on my point, Nikola have immediately dropped down by -24.46% as of now. Many people were...