Let’s take a look at Nikola (NKLA). It’s supposed to be the Tesla competitor. I’m not sure if they’re going to be able to pull it off though, they’re not looking great now that GM restructured their deal. It dropped like a stone, down $7.50. I think it may go below $10.

If you do own NKLA, make sure you have a stop loss in place (if you’re okay with the risk). I think it could potentially go substantially below $10, maybe to $7 or even $5. I only use $10 because that is where their base was put in before they started going crazy. If you’re thinking about going long, just be careful.

The news surrounding this company, and the background, is not looking great. Just protect yourself at all times, this is trading and you’ve got real money at risk.

Good luck, hope it helps. See you on the next video.