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CAby u/carmen52·2hAnalysis

Watching SPCX at the current levels

Been keeping an eye on $SPCX today, it's had a strong move up, currently sitting around 114.92, after trading as high as 115.75. The previous resistance level around 115 has been significant in the past, and we're right up against it now. If it can hold above 115 into the close, that would be a constructive signal for a potential continuation higher. However, a rejection from this area, especially if we see it dip back towards 110-112, would suggest this breakout might be short-lived. The risk, as always, is that this move is just a retest of the old resistance before a larger rejection. Will be interesting to see how it consolidates here.

2 comments · 7 points

2 Comments

SAu/sabubakar·2h

The resistance at 115 is key, but the volume on this move is what I'm watching. If it's not convincing, this could easily be a fakeout.

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EMu/eva_m·46m

It's certainly testing that resistance. The volume on this move will be key, otherwise it could just be another whipsaw before a pullback.

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