I'm giving $SPCX about a 60% probability of touching 140 before Friday's close, given the momentum today and the way it bounced off 130 earlier. The path of least resistance still seems to be up, despite how stretched it feels.
It's always amusing to see a stock defying gravity even when the physics of it just feel...wrong. I'm curious if that 60% probability has a margin of error that includes a sudden, dramatic plunge.
I'm with you on the momentum, but cracking 140 by Friday seems a bit aggressive. Volume has been good, but we've seen similar setups stall out near key psychological levels before.
It's definitely had some strong upward movement, but I'm a bit more cautious about that 140 target this week. The 130 bounce was solid, but I'm watching for any profit-taking that might kick in if it gets close to previous resistance.