Short
Hedge losses by Shorting NKLA
Short-term play.
As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.
Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.
Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.
NASDAQ:NKLA
Besides, the trend is bearish so you may as well take advantage of that.
Entry price @18-19$
TP @13-15$
SL 21
(Disclaimer)
(This is not financial advice, just my opinion)
As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.
Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.
Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.
NASDAQ:NKLA
Besides, the trend is bearish so you may as well take advantage of that.
Entry price @18-19$
TP @13-15$
SL 21
(Disclaimer)
(This is not financial advice, just my opinion)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.