NKLA - Waiting for confirmation
Updated
Hello everyone, as we can see we have a huge triangle on NKLA. We have many rummors about NKLA right now, but if we look at price action, we are just waiting for the price to break through the triangle, make another retest of the bottom support or break down the triangle and go bankrupt. Let me just say that I remember when TSLA fell a lot, because Elon Musk couldn't keep up with the production and everyone thought Elon is a fraud. Look at TSLA now! . I also remember when NIO fell to 2$, because it got delisted from the american market, because of Trump and everyone thought NIO is done. Look at NIO now. This is really high speculation and it is high risk - high reward. I would say buy NKLA if the price gets to 30$ and have stoploss if it breaks in the triangle again . Good luck to everyone, trade money you are willing to lose!
Trade active
I have messed up the upper line on the triangle, the trade is active and in play
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.