CheelooTrader

NKLA - Watch if it can hold 6.5.5

Long
NASDAQ:NKLA   Nikola Corporation
  • Tested and rejected VMA again, but recent volume looks constructive for follow through. high short interest could lift this off if the range tightens above 6.5
  • will look for reversal candle that closed above 7.5 to start a position. I have found this to be very slippery name. Not much success in the past, so will be more cautious not to jump early.

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