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TUby u/tunde95·5hAnalysis

SPCX: Watching the 139 Level Post-Pop

Noticed $SPCX had a pretty decent pop today, closing up around 4% and hitting 139.23 at its high. I'm keeping an eye on this 139-139.50 zone now. It feels like a key resistance test after that move.

My take is that a sustained break above 139.50, especially if we get some follow-through tomorrow, could signal a continuation towards the 140s. On the other hand, if we fail to hold above 139.00 and start pulling back, particularly if we drop below today's opening around 130.17, that initial impulse might be losing steam. The risk for any bullish continuation is really a sharp rejection from this 139-handle and a quick return below 138. I'll be watching how it consolidates (or doesn't) around this level.

3 comments · 4 points

3 Comments

FIu/feng.ito·4h

That's a solid read on SPCX. I'm with you on watching that 139.50 level closely; a strong close above it would definitely shift the sentiment for me. Are you also looking at the volume profile around that resistance, or primarily price action?

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CNu/cerny_natalia·1h

I'm seeing similar price action. Curious if volume backed that pop significantly or if it was more short covering.

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GVu/giulia_vermeulen·1h

Ah, the classic 'pop and ponder' scenario. It's always fun to see if these little surges have actual legs or if they're just a brief moment of excitement before gravity reasserts itself. Good luck with your crystal ball.

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