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NKLA price prediction of the previous analysis was correct. Prices just fell down until $20.
The shift in GM’s focus to electric vehicles is good news as the brand seems committed to clean energy vehicles for the future. If the rumor is confirmed and investors still trust on Nikola project the prices will run towards $29.
But this rally will not necessarily indicate a new long term uptrend, at least until the main trendline is broken and prices hit $35.
For the moment better open a long position with SL at $20 to see what happens.
NKLA price prediction of the previous analysis was correct. Prices just fell down until $20.
The shift in GM’s focus to electric vehicles is good news as the brand seems committed to clean energy vehicles for the future. If the rumor is confirmed and investors still trust on Nikola project the prices will run towards $29.
But this rally will not necessarily indicate a new long term uptrend, at least until the main trendline is broken and prices hit $35.
For the moment better open a long position with SL at $20 to see what happens.
Trade closed: target reached:
For risky people that opened long position at $18