$SPCX is right at a key level.
The stock is testing the $150 area, which has acted as an important level since its debut. A clean breakout and hold above it could open the door toward $170 next. Recent price action has already shown strong momentum off the lows.
I wouldn't call $170 automatic, though. I want to see $150 turn into support rather than just a quick wick above it.
For me, the setup is simple:
Break and hold $150 → $170 becomes the next level I'm watching.
If it gets rejected again, I'd rather wait than force the trade.
The stock is testing the $150 area, which has acted as an important level since its debut. A clean breakout and hold above it could open the door toward $170 next. Recent price action has already shown strong momentum off the lows.
I wouldn't call $170 automatic, though. I want to see $150 turn into support rather than just a quick wick above it.
For me, the setup is simple:
Break and hold $150 → $170 becomes the next level I'm watching.
If it gets rejected again, I'd rather wait than force the trade.