Hedge losses by Shorting NKLA
Short-term play.
As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.
Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.
Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.
NKLA
Besides, the trend is bearish so you may as well take advantage of that.
Entry price @18-19$
TP @13-15$
SL 21
(Disclaimer)
(This is not financial advice, just my opinion)
As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.
Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.
Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.
NKLABesides, the trend is bearish so you may as well take advantage of that.
Entry price @18-19$
TP @13-15$
SL 21
(Disclaimer)
(This is not financial advice, just my opinion)
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