NKLA LONG INTO FEB 2021

In the short term NKLA is very close to testing trendline resistance at the top of the descending triangle. This would be a jump to 25-26 in the next two weeks. Once this has been resistance has been tested, we will wait for a clear indication of a break through indicating a trend reversal bullish. Otherwise, we should expect a continuation of this bearish descending triangle that we have been trading within for months.