$SPCX
Bounces Back: Can Bulls Reclaim the $165 Zone?
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Market Overview
Space Exploration Technologies Corp (SPCX) is trading near $159.31, up about 7.8%, with pre-market at $154.73. After a sharp October spike toward $176, the stock pulled back hard and is now rebounding with heavy volume, around 220M shares.
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Technical Analysis
The $150.23 level is the key pivot. Price dipped to about $140, buyers stepped in, and the stock has now reclaimed this zone.
The October high near $176 was rejected quickly, showing sellers are active at higher prices. The current move is a recovery inside a wide range, not yet a confirmed breakout.
Earnings markers on the chart also suggest volatility may stay elevated.
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🟢 Bullish Case
A daily close above $165 with strong volume could target a retest of $176.
🔴 Bearish Case
A daily close below $150.23 would put the rebound in doubt and may open a move back to $140.
⚪ Neutral Case
Price may stay between $150 and $165 while traders wait for a catalyst.
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Key Levels
➤ Resistance: R1 $165 | R2 $176
➤ Support: S1 $150.23 | S2 $140
Context
Single-stock moves like this can be sharp around earnings, so risk management matters.
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Conclusion
Watch whether SPCX holds above $150.23 and builds momentum toward $165.
Not financial advice. Always do your own research.
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#SPCX #BinancePick #TeslaSlides5%PreMarket #KOSPISinks3.52%ToLowestCloseSinceApril #EarningsSeason
Bounces Back: Can Bulls Reclaim the $165 Zone?
◆━━━━━━━━━━━━━━━━━━
Market Overview
Space Exploration Technologies Corp (SPCX) is trading near $159.31, up about 7.8%, with pre-market at $154.73. After a sharp October spike toward $176, the stock pulled back hard and is now rebounding with heavy volume, around 220M shares.
◆━━━━━━━━━━━━━━━━━━
Technical Analysis
The $150.23 level is the key pivot. Price dipped to about $140, buyers stepped in, and the stock has now reclaimed this zone.
The October high near $176 was rejected quickly, showing sellers are active at higher prices. The current move is a recovery inside a wide range, not yet a confirmed breakout.
Earnings markers on the chart also suggest volatility may stay elevated.
◆━━━━━━━━━━━━━━━━━━
🟢 Bullish Case
A daily close above $165 with strong volume could target a retest of $176.
🔴 Bearish Case
A daily close below $150.23 would put the rebound in doubt and may open a move back to $140.
⚪ Neutral Case
Price may stay between $150 and $165 while traders wait for a catalyst.
◆━━━━━━━━━━━━━━━━━━
Key Levels
➤ Resistance: R1 $165 | R2 $176
➤ Support: S1 $150.23 | S2 $140
Context
Single-stock moves like this can be sharp around earnings, so risk management matters.
◆━━━━━━━━━━━━━━━━━━
Conclusion
Watch whether SPCX holds above $150.23 and builds momentum toward $165.
Not financial advice. Always do your own research.
◆━━━━━━━━━━━━━━━━━━
#SPCX #BinancePick #TeslaSlides5%PreMarket #KOSPISinks3.52%ToLowestCloseSinceApril #EarningsSeason
