$SpaceX(SPCX)$ is breaking out of the distribution zone following June's aggressive selling. The first measured move is now visible for day traders and swing traders on the long side. LT holders would likely prefer a pullback around the $127 area to reload, but the overall p.o.c is holding for now. Simple as that.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
