SpaceX's $SPCX trades below its $3.8 billion valuation and IPO price, with smart money buying concentrated below current levels since options launched June 16. A break above $145 targets $153.23; below $142 could drop to $124.98.
Chapters
Okay, so SpaceX here. These are the largest prints in the last month, and you can see here we are below all of the institutional trades. So from the IPO, there were a few around here, but June 16th, I think if that was a Tuesday, the day that options became available, you saw tons and tons of, um, of institutional trades here, and we upthrusted. So we had this high, and then we've just pulled back. We consolidated through some of these prints here over the course of the month. Then we've got a little bit of increasing volume here on Friday, and then it looks like we might be breaking down below. So as far as moving averages are concerned, potentially down here around $116 at some point. Otherwise, we're gonna have to start breaking through these prints in order to move higher because the institutions are right overhead. So looks like maybe they're in the shorts on this. Okay. We are going to be bullish above 145. Let's get up here. Target 145.80, 146.31 is a cam. Then we've got 146.81, 148.33 right up here. Then we've got 148.89, 150.81 is a cam up top. 152.48, 153. 23 is 4.1 million here. So if we hold that now, we've got the 200 exponential here, 200 simple around the 148.33 level. This is a little bit difficult. It'll be some scalping in here, especially up to the post-market close here, and that's a 50 simple moving average. So just be careful if we can, um, if we can move up. Yeah, you just got to be a bit of a sniper on this because it is bearish. So that's a retracement trade. We're going to be bearish below 142. Let's get below this point here. It's early target 140, 148, 139.79. Then we've got 135.98 here is S3. 130.48, 124.98 here is S5. So you can see that the downside is much easier, especially with all of these prints going on there. All right, there you have it. Those are your 2 trade setups for today. Today. So please like, share, subscribe, do all of that great stuff, and we will see you tomorrow with all new trade setups. Happy trading!
