NKLA
That's not a bad paper for tickling nerves.
The company itself is quite interesting.
1. Firstly, marketers have clearly tried with the name: NIKOLA CORPORATION. Since the paper belongs to "Auto Manufacturers", it is easy to make an association:
Nikola + Tesla = Nikola Tesla is great physicist, scientist, inventor in the field of electrical engineering and radio engineering.
2. Serious volumes in trades have appeared relatively recently.
3. Extremely low sales, only: 0.42M.
I would not recommend this company for long-term investments, especially since at least three serious financial estimates are not yet ready for this company:
Piotroski F-Score
Altman Z-Score
Beneish M-Score
4. However, this does not prevent it from trading within a day.
5. We have a strong level 77 on the upper level of the downtrend reversal.
6. Near retest.
7. We're approaching a big bar, which means it's quite possible not to take the level from the first time.
Get up above the level very carefully.
The safest thing to do is to wait for the breakout and fixation above the level.
For the trading guru: aggressive scenario go long in a breakout bar and if you get signals for shorts - turn over to SL*2. I call this strategy a "dead loop": when you turn a position from long to short on an SL trigger.