NKLA - Is a (dark) Phenix?
If we look at the consequent lower maximum price for 
NKLA, we can see that the trading pressure is lowering too: indeed, the time between each max-price and the following is increasing.
Usually, when this happens means that the traders are liquidating their positions and then not coming back. Considering all the scandals in which this company was involved in, that's quite reasonable.
--- BUT ---
Will they come back?
In my opinion, it depends on the next earnings:
However, I believe in the new management, so I prepend for the EARNING + exit; let's go!
NKLA, we can see that the trading pressure is lowering too: indeed, the time between each max-price and the following is increasing.Usually, when this happens means that the traders are liquidating their positions and then not coming back. Considering all the scandals in which this company was involved in, that's quite reasonable.
--- BUT ---
Will they come back?
In my opinion, it depends on the next earnings:
- EARNING +: If the company will provide proofs of good conduit, reaching the targets and being in line with their schedule, we can see a huge bounce up in the price of the company;
- EARNING =: If it will release a just below the line results, essentially the bull-bear match will be rescheduled to the next earnings; in this case we will see a price ranging from recent max-min prices;
- EARNING -: If it won't meet most of the targets, we will see falling the price probably under 4$.
However, I believe in the new management, so I prepend for the EARNING + exit; let's go!
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