In my opinion, NKLA entered short term uptrend today. For the first time since January, NKLA crossed 15 while being in the downtrend.
The relative shows buyers. Sorry shorties - I think you had your time and your time will come again :(
The last time NKLA crossed 15 move lasted till 200 cross. It happened two times already, and you know what. History likes to repeat itself.
Today candle retested 15 and nicely rebound confirming uptrend move at least for the next swing. (15?)
Take a look at key elipsis point for better understanding. Ugly but shows basically my speculation thesis.
The stock had also crossover today.
Good luck to longs this time.