Look how Bad the Chart is: NKLA Short
Right now, the trendline literally looks like a downward wedge for NKLA. The bearishness is really bad, and I don't think management has enough upside to currently pose positive growth for this quarter. While, I root for the overall technology, not sure if NKLA can be the company to deliver. They also don't seem to have their own production in place. That being said, everything I say is on an opinion based basis. Right now, I think an entry here would be high risk. That being said, please proceed with caution. Do your own due diligence.
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.