After breaking through $SPCX , the pullback; the reduced volume suggests the holding/absorption is decent
After breaking above the upper band at 144.77, it pulled back, but the move was not large, and volume didn’t expand—indicating it is not distribution/selling pressure. The MACD red histogram is still increasing, and the moving averages have started to diverge upward; the short-term trend remains mildly bullish. 145 is short-term resistance. If it passes through with increased volume, there will be further room to move. 143.5 is a key support below; as long as the pullback doesn’t break it, the short term is still biased bullish.
Entry: 144.37
Stop loss: 142.50
Take profit: 148.00
$SPCX - Long 🔺
Enter from the bottom👇
After breaking above the upper band at 144.77, it pulled back, but the move was not large, and volume didn’t expand—indicating it is not distribution/selling pressure. The MACD red histogram is still increasing, and the moving averages have started to diverge upward; the short-term trend remains mildly bullish. 145 is short-term resistance. If it passes through with increased volume, there will be further room to move. 143.5 is a key support below; as long as the pullback doesn’t break it, the short term is still biased bullish.
Entry: 144.37
Stop loss: 142.50
Take profit: 148.00
$SPCX - Long 🔺
Enter from the bottom👇
