Thread by @malteseinvest

Analysis: #NASDAQ $NKLA

Case 333 #Nikola Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#NKLA 1/4

Chart 1
Daily Chart: The July blowout reached an all time high of 93.99 and since then half of the gains have been wiped out. To maintain #bullishness the control point at 63.59 needs to hold then close above #pivot #resistance at 73.27 to .....

NKLA 2/4

..... target 100.23 - 101.47 in the long term. To the downside an unfilled gap of 40.42-35.98 exists. The immediate support zone (below the broken #trendline) is 42.34 - 28.30 and further down major #support, sandwiched between #SMA 50 and 200 is 21.83 - 15.57.

NKLA 3/4

Chart 2
4 Hour Chart: The #Strategy is printed on the image.

$NKLA 4/4