CheelooTrader

NKLA - Accumulation happening?

CheelooTrader Updated   
NASDAQ:NKLA   Nikola Corporation
Big volume accumulation days followed by low volume selling. seems like selling is getting absorbed above 6.44

Still has a lot to prove, but as a former runner, should be on your radar.

No position yet, but I'd like this to build above 9 for big move.
Comment:
Looks like bear flag on the daily...selling volume should spike soon...I'd be careful buying here.
Trade active:
Really interesting price action in growth names today...watch for recent low to hold in beaten up names. Those that are showing relative strength could break out to the upside.
Trade active:
We are in that critical zone now...build above 9 for moonshot or bust again? next days will tell.
Comment:
Next resistance: 11.3
Same story, as long as it holds above 9, higher highs likely.

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