NKLA20$ - The Squeeze Spark Price
A successful squeeze is all about breaking shorts stop loss buy orders..
Demand Momentum (buying) is required until reaching the first spark price, then it will autopilot to the moon,, but where is that spark price ?!
Will need to analyze the Short Interest (SI) activity compared to price..
Analyzing the Short Interest history,, it increased from 17.71% (26Feb) up to 36.06% (30Apr) [18.35% increase]
https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest
Dividing this period into 2 parts:
Part 1: 26Feb to 31Mar - SI 17.71% --> 23.36% [5.65% increase = approx. 30% of the 18.35%] with Price dropping from $20 down to $13.xx, so Stop loss limits would concentrate little bit higher, range $20 to $25
Part 2: 31Mar to 30 Apr - SI 23.36% --> 36.06% [12.70% increase = approx. 70% of the 18.35%] with Price dropping from $13.x down to $11.xx, so Stop loss limits would concentrate in a range of $15 to $20
Why is the strong resistance near 20??
Just an Opinion, not a financial advice!!
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.