NIKOLA - Don't get fooled

Nikola is falling true it's support like a beer down my throat. I don't see why it should stop falling here. It might have a little bounce towards the blue MA, but after that I believe it will go down further, testing the pink and maybe the yellow MA. That would be around it's previous high.

After that I believe it will put on it's rock climbing shoes, because Nikola is here to stay, and might use the climbing ropes that Tesla left hanging on the walls.

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If NIKOLA can stay above the brown support line, it could bounce from there. Keep in mind the market seems to be selling of. So be careful entering long.

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you could consider making small entries here with a stop loss.
It touched the pink MA, a good indicator for a bounce. Still a possibility thing will drop further.

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Still trading inside a downwards channel. Need to see price break out of this channel.

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We broke resistance. Looking for some upwards action from here.

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Chart above gives us a look at the possible targets.
RSI looks strong, there's also a shift from bearish to bullish momentum.

I have to point out that strong resistance is hit at the moment, so need to be careful, this could have one more roll-over downwards, but to be honest the charts looks strong, and myself I'm anticipating a strong day up somewhere this week, breaking through that resistance.

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This is still looking beautiful

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Higher Highs taking us to a moonshot before the end of this year

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Hit the lows, best entry was around 17, if you're looking for a long term, this should still be a good entry point.