NKLA hasn't broken channelI am long NKLA for the next few years, but based on the chart I'm seeing I haven't found a buy entry (yet). NKLA has an intent to buy from Saia of 100,000 trucks over the next 4 years which is promising, but only 25k of those trucks are going to roll off the assembly line this year if the contract gets signed. Another thing to consider is where the stock is now. NKLA has settled at a support area which is where it was when this stock IPO'ed which is also promising. However, if this support can't be held, we may see this stock slip to the 3.618 fib retracement level at $7. I am personally waiting until the descending channel is broken before longing this stock.
Not financial advice