Best Stock Picks Today | NKLA Trade 11-19-20

BEST STOCK PICKS TODAY

Trading Game Plan: 11-19-20

Nikola (NASDAQ:NKLA) spikes after a posting is circulated purportedly from the General Motors (NYSE:GM) website indicating that the automaker signed an agreement to manufacture the Nikola Badger model using the Ultium battery system and be the exclusive supplier of Hydrotec fuel cells.

NKLA fell from grace about a month ago and yesterday the stock popped on fresh new. It's only one day of buying but worth our attention with five dollars profit potential today and tomorrow.

Retail stocks broke to new highs and we're creating a game plan for TGT, TJX and KSS.

Earlier this week we game planned to buy TSLA stock through the 460 level and the trade signaled yesterday for a monster winner. $500 is the next level we expect to enter a new position.

NVDA earnings were less than spectacular so we're looking to sell short today for a cash flow trade.

JMIA and RIDE hit our targets so we're looking for new entries in both stocks.

WKHS and DKNG both broke bearish order flow and have reached target number one. I'm expecting a pause here before a new entry.

Have a great day
Pete