Nikola has taken a beating over the last few weeks but the news regarding the GM Deal could get this stock right back on track. Our goal is to buy it on the opening and immediately set our stop below support, using the 1% Rule for Managing Risk. I’ve laid out the instructions for you in the video below.
The attached PDF file outlines more of the technical signals as well as the risk management plan for this position. Please be sure to review all of the material before entering any trades to your account.
Enjoy the rest of the week.
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