Friends asking about $NKLA.
Just technology looking at it.
It peaked on heavy volume to $93.00. Then fell to 50 SMA support.
Then heavy volume came in and it failed at 10 SMA resistance. That was negative. So possible drop to $40.00 next drop. Not for me.
Conversation
It dropped in AH Friday to 38 before bouncing back to 41 ish.
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Warrants are being exercised adding a bunch of shares to the float. Selling off because of dilution