If you chased into SpaceX on earnings day, 10/21, you’ve probably had a pretty uncomfortable week.
The earnings were genuinely good: revenue came in at $14.57 billion versus expectations of $12.97 billion, and the stock closed at $159.31 that day. But the next day, 1.3 billion shares were unlocked, and the stock fell 9.1% in a single day, giving back almost all of its gains. It closed at $145.23 last night, after hitting an intraday low of $142.13—just $2 above the $140 level everyone’s watching.
My take: buyers have stepped in at $140 twice this month, but I really can’t say whether they’ll hold the line a third time. If it holds, $150 is the first level to watch above. If it breaks below, there isn’t much meaningful support beneath it; the August low is around $108. Binance perpetual funding is still positive at 0.028%, which suggests plenty of people are still holding on. A decisive break below support could hurt.
The next clearly scheduled share unlock is December 8, so for now I’m more inclined to watch how it trades within the $140–$150 range.
Do you think $140 will hold or break? Which side are you on?
Just my personal observations, not investment advice.
$SPCX
#SpaceX #美股 #StockEarningsSeason
The earnings were genuinely good: revenue came in at $14.57 billion versus expectations of $12.97 billion, and the stock closed at $159.31 that day. But the next day, 1.3 billion shares were unlocked, and the stock fell 9.1% in a single day, giving back almost all of its gains. It closed at $145.23 last night, after hitting an intraday low of $142.13—just $2 above the $140 level everyone’s watching.
My take: buyers have stepped in at $140 twice this month, but I really can’t say whether they’ll hold the line a third time. If it holds, $150 is the first level to watch above. If it breaks below, there isn’t much meaningful support beneath it; the August low is around $108. Binance perpetual funding is still positive at 0.028%, which suggests plenty of people are still holding on. A decisive break below support could hurt.
The next clearly scheduled share unlock is December 8, so for now I’m more inclined to watch how it trades within the $140–$150 range.
Do you think $140 will hold or break? Which side are you on?
Just my personal observations, not investment advice.
$SPCX
#SpaceX #美股 #StockEarningsSeason
