After deal with GM, NKLA had extreme move to the upside, but failed to sustain above resistance line set by previous high. NKLA probably will retest this high, but my call is down, as their fundamentals are weak. Their market cap is super overvalued, with limited working product. If NKLA can hold above resistance, maybe can begin and ABC corrective wave up, but I am still overall bearish. Target is at 26 for an entry incase resistance is not broken, potentially make a move from 26 to around 40 in an ABC corrective pattern. Still be cautious, super volatile. Copyright Rohan Karunaratne 2020