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TheGreatBatsby

$NKLA Warrants are being redeemed, $27 warrant = $38 stock

Nikola Corporation (NASDAQ:NKLA)  
TheGreatBatsby  
NASDAQ:NKLA   Nikola Corporation
Trend Analysis Chart Patterns Beyond Technical Analysis nkla nklalong nklashort nklawarrants nklaws
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trendanalysis chartpattern beyondta nkla nklalong nklashort nklawarrants nklaws
Like I was predicting earlier today, Nikola broke down from it's bearish consolidation period. Support is still at $33, but with warrants jumping in price to $27 this implies a $38 stock price for Nikola.

It's good to get this bearish consolidation out of the way, and good to get the warrants out from hanging over its head.

Now its time to build support.

Idee correlate

TheGreatBatsby
$NKLA Will test prior support for resistance, make or break time
TheGreatBatsby
$NKLA there is no denying it's bearish setup
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