NKLA Squeeze Spark Price

Jun 16, 2021

NKLA

20$ - 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!!