NKLA stock has been in a perpetual downtrend pretty much since it's existence, and every time the stock has tried to hold a meaningful rally it's been rejected by the 200 day MA. Once again NKLA finds itself rallying up to the 200 day MA, the bears have stepped in every time before at this spot, it would seem like they would step in again for one final push back down to the 4s or 5s region.
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