Nikola: its technical charts suggest a lot of energy to keep on
Show Me the Money! 9 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Nikola Corporation (NKLA) rose over 30% to $52.50 as JP Morgan Chase upgraded this stock from Neutral to Overweight and announced a $45 price target. Nikola has been promoting itself as a rival to Tesla’s Cybertruck, with its newly introduced Badger pick-up truck designed to directly compete with the former.
After going public via the SPAC route earlier this year, Nikola shares rocketed to a $28 billion valuation, and its technical charts suggest a lot of energy to keep on; the only transitory risk here is a possible price hiccup when warrant holders will be allowed to exercise their warrants and more shares are put on the market.
Nikola Corporation (NKLA) rose over 30% to $52.50 as JP Morgan Chase upgraded this stock from Neutral to Overweight and announced a $45 price target. Nikola has been promoting itself as a rival to Tesla’s Cybertruck, with its newly introduced Badger pick-up truck designed to directly compete with the former.
After going public via the SPAC route earlier this year, Nikola shares rocketed to a $28 billion valuation, and its technical charts suggest a lot of energy to keep on; the only transitory risk here is a possible price hiccup when warrant holders will be allowed to exercise their warrants and more shares are put on the market.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.