October 21 Contract Strategy $SPCX

📉 Direction: Long

📍 Initial entry: Around the current price of 160

🎯 Take profit: 165–170

⚠️ This view is for reference only and does not constitute investment advice.

Fundamentally, the combination of a “surge in earnings + merger expectations” provides strong support, and the bull-market thesis remains intact. On the 1-hour chart, the price action around 160 is a low-volume pullback following a sharp rally, and it has not broken below key support for the uptrend. The MACD lines remain firmly above the zero line, suggesting a strong consolidation before another move higher.

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