NKLA rallying into next week but resistance is close

NKLA price action these past few weeks has been range bound between 9 and 11.50, It looks like that 11.50 range could be retested this week if this rally continues. A clean break above 11.50 this week and it could run to 13s. The volume the last two days has been impressive, very steady buying throughout the day if that volume holds or increases I think that 11.50 resistance falls and you could see 12 in a flash. It should be a nice week of price action coming up.

NKLA released a nice video of their New Ulm plant in Germany, it shows you the exact assembly line they'll be bringing to the Coolidge plant, very cool stuff. It seemed pretty crazy that NKLA would actually progress to this point of building the trucks but here we are. Now that they have the trucks it's time for NKLA to start getting these trucks out on the road. Once that Coolidge plant starts putting out trucks (should have a few trucks out this year and 100% ready for a full q1 production) this stock could really run.

Commento:

We didn't see 12 but 11.90 was close enough for me! 13 looks to be on deck neck, GLTA