Nikola Stock News and Forecast: NKLA jumps 19% after production announcement

Nikola Stock Forecast: Resistance at $11.50

The premarket price around $10.75 shows that the market has already propelled NKLA stock above the support-turned-resistance present at $9.75. This level comes from late December and early January when shares traded between there and $11.50. This $11.50 level is the next area to conquer before overcoming the December 27, 2021 swing high at $12.14.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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