SPCXB (SpaceX) — The big breakout test is about to begin; 135 is the dividing line between the uptrend and the downtrend
Info: 8/20 (Thursday) — Stage 2 of the equity release: 319 million shares (about 7% of restricted shares). Only two weeks remain until the release of 900 million shares in Stage 1; analysts warned there are 7 more tranches by the end of the year. At the close on 8/19, the price was 139.65 (-2.57%). Two attempts were made to reach 150, but both failed.
Charts/Technical side:
The current price is within the 139–143 range, and the clear double resistance is at 150. First line of defense: 135 (IPO price + Fibonacci 0.236 as mild support). Second line of defense: 100 (late July/early August, a historical low within the zone). In the medium term, the price is still inside a falling channel, and there has not yet been technical confirmation of a rebound.
Short-term order plan:
Sell trades (release window): sell on a rebound at 142–145 with a slow/hesitant rise; stop-loss at 148; targets 135 then 130. Order break: sell only on effective rejection/decline below 135; stop-loss at 138; target 120 then 100.
Buy trades (only a rebound after overselling): 134–136 on quick stabilization after a sharp drop; buy with a small size; stop-loss at 132; target 142–145.
Fundamentals: Before the completion/implementation of the release decision, do not place trend-up trades. If 135 breaks, downside space opens up. Risk control first $SPCX
Info: 8/20 (Thursday) — Stage 2 of the equity release: 319 million shares (about 7% of restricted shares). Only two weeks remain until the release of 900 million shares in Stage 1; analysts warned there are 7 more tranches by the end of the year. At the close on 8/19, the price was 139.65 (-2.57%). Two attempts were made to reach 150, but both failed.
Charts/Technical side:
The current price is within the 139–143 range, and the clear double resistance is at 150. First line of defense: 135 (IPO price + Fibonacci 0.236 as mild support). Second line of defense: 100 (late July/early August, a historical low within the zone). In the medium term, the price is still inside a falling channel, and there has not yet been technical confirmation of a rebound.
Short-term order plan:
Sell trades (release window): sell on a rebound at 142–145 with a slow/hesitant rise; stop-loss at 148; targets 135 then 130. Order break: sell only on effective rejection/decline below 135; stop-loss at 138; target 120 then 100.
Buy trades (only a rebound after overselling): 134–136 on quick stabilization after a sharp drop; buy with a small size; stop-loss at 132; target 142–145.
Fundamentals: Before the completion/implementation of the release decision, do not place trend-up trades. If 135 breaks, downside space opens up. Risk control first $SPCX