NKLA: Lower Levels Ahead? We look to Sell at 9.22 (stop at 10.48)
Nikola Corporation - Short Term - We look to Sell at 9.22 (stop at 10.48)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 9.50. 50 1day EMA is at 9.65. The primary trend remains bearish . Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 5.09 and 4.10
Resistance: 9.50 / 10.00 / 12.00
Support: 7.00 / 6.00 / 5.00
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