$NKLA - Slippery slope or stairway?
Looking at historical 
NKLA plays, I think one of the 2 things might happen.
NKLA when it bounces up or down it damps at 0.5 rate before breaking off. So $48 is the deciding point, it it breaks $48 and moves up, it might 53$ and then down to $45 - new support and move up to hit $75. This is based on fibonacci retracement.
If it bounces off $48, then it will most likely come down $35.
NKLA plays, I think one of the 2 things might happen.NKLA when it bounces up or down it damps at 0.5 rate before breaking off. So $48 is the deciding point, it it breaks $48 and moves up, it might 53$ and then down to $45 - new support and move up to hit $75. This is based on fibonacci retracement.If it bounces off $48, then it will most likely come down $35.
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