Today we’re going to look at an updated price projection for Nikola. If you are long this stock, please use a stop loss. If you’re short, I think it’s ultimately going to go below $10, but before it does it’s going to have to hit $15. If it does break, it will have to go through $15, then $10, and ultimately $5. Now, this company could still be acquired by somebody. If it did that, it would probably gap up to about $40.

So, if you are long use a stop. If you are short, your next target will be $15 and after that $10, then $7, then $5.

Good luck. Hope it helps. See you on the next video.