$SPCX The U.S. market is opening. Will Rocket head north all the way, or turn south???
A few days ago, SpaceX spent nearly $8 billion to acquire wireless spectrum, suggesting it may further expand into communications services such as direct-to-cell satellite connectivity. In theory, this is very positive news, but SPCX doesn’t seem to be buying it—the price hasn’t moved much. Over the past two days, Rocket rebounded to around 167 at its high, then turned back down to around 162. Looking at the current price action, Rocket has tested lower levels several times but still hasn’t broken below 1602, which suggests there is plenty of buying support underneath. Brother Jie thinks that as long as it holds above 160, Rocket may still have a chance to push higher.$SOL
Personal suggestion: Go long at the current price of 162, target 168, and set a stop loss at 159. Wait patiently to see how the market unfolds.$BAT
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#CPIWatch #SKHynixSharesDrop7.1%
A few days ago, SpaceX spent nearly $8 billion to acquire wireless spectrum, suggesting it may further expand into communications services such as direct-to-cell satellite connectivity. In theory, this is very positive news, but SPCX doesn’t seem to be buying it—the price hasn’t moved much. Over the past two days, Rocket rebounded to around 167 at its high, then turned back down to around 162. Looking at the current price action, Rocket has tested lower levels several times but still hasn’t broken below 1602, which suggests there is plenty of buying support underneath. Brother Jie thinks that as long as it holds above 160, Rocket may still have a chance to push higher.$SOL
Personal suggestion: Go long at the current price of 162, target 168, and set a stop loss at 159. Wait patiently to see how the market unfolds.$BAT
Messages on the forum may be delayed. If you’re still unsure which way to go, join the chatroom—come get the detailed trading ideas and strategies!
#CPIWatch #SKHynixSharesDrop7.1%
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