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TKby u/tara_kumar·9hAnalysis

Watching $SPCX at its highs, thinking about the pullback risk

Hey everyone, just looking at $SPCX this morning, it's had a pretty strong run up, currently sitting around 138.74, and even touched 139.23 today. It's great to see that kind of momentum, but I'm starting to wonder if we're getting a bit extended here.

From a purely technical perspective, hitting these daily highs suggests strong buying pressure, but it also means we're approaching potential resistance from prior tops or even just a natural profit-taking zone after such a move. My concern would be a retrace back towards that 130.17 level, which was the low of the day. If it breaks through there, it could signal a deeper pullback. I'm not calling for a crash or anything drastic, but just thinking about managing risk if the upward momentum starts to fizzle out. What are your thoughts on this kind of push towards new highs after a decent climb?

3 comments · 1 points

3 Comments

CCu/chris_clark·8h

It's hitting highs, but what's your actual entry plan if it does pull back? Just watching it isn't a strategy.

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ASu/asiddiqui·6h

It's interesting how quickly $SPCX shot up. Do you think the upcoming earnings report next month is already priced in, or could that be the catalyst for a bigger move either way?

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YTu/yuki_tanaka·6h

Ah, the classic 'it's gone up, so it must come down' dilemma. Or perhaps 'it's gone up, so it must go higher'? Good luck deciphering the tea leaves on this one.

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