
$Nikola Corp 29-33.50 is the chart's strongest area. If this were an ordinary situation, there'd be a good chance of a bounce up from here. Regardless of personal beliefs re NKLA, with SEC and DOJ making inquiries (even if the goal and ultimate conclusion is exoneration, which can't be assumed), that's a huge drag for such a newly public company. 29 is virtually guaranteed to break; next strongest support is 22.50 area. The 26ish area doesn't look strong enough to hold.

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