# SPCX Aug 27: $140 Is the Pivot

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# SPCX Aug 27: $140 Is the PivotSpace Exploration Technologies CorpNASDAQ:SPCXBullBearInsights SPCX is starting to get interesting again. The stock made a strong recovery from the **$104.79 low**, pushed into the mid-$140s, then spent the last several sessions cooling off instead of giving the whole move back. Now price is sitting around **$140 to $141**. That puts it right at the level I care about most for Thursday. The daily chart doesn’t look extended anymore. RSI has cooled back into the mid-50s, and price is trying to build a base after the August run. I don’t see a clean breakout yet. I see a stock sitting right underneath the next decision area. The 4-hour chart and GEX map make that pretty clear. There is a cluster of upside levels around **$140, $142, $143 and $145**. Then we have **$148 and $150** above that. What catches my eye is how much attention is sitting around $140 and $145. SPCX is already testing $140 now. If buyers can keep price above it Thursday, I think $142 to $143 comes into play pretty quickly. Then $145 becomes the real test. That’s the level where I would expect the trade to get more difficult. If SPCX clears $145 and actually holds it, then I start looking back toward **$148 and the recent $149.80 high**. A clean move through $150 would change the chart completely. But I wouldn’t chase that idea from $140. There are still several levels in between. The downside is just as useful. If SPCX loses $140, I’m watching **$138 and $136**. The GEX map has another important area around **$135**. That’s where I would start paying much closer attention. If $135 holds, the recent consolidation still looks healthy to me. If it breaks, **$133 and $130** become much more important. The recent 4-hour low is around **$130.39**, so that isn’t just another number from the options chain. It’s actual price structure. Below $130, I would stop calling this a normal pullback. Then the larger recovery from the August low starts losing its shape. So for Aug. 27, I’m keeping SPCX pretty simple. I want to see whether **$140 can become support instead of resistance**. Hold above it and I’m watching $142, $143 and $145. Break $145 and the $148 to $150 area gets interesting. Lose $140 and I start looking back toward $136 and $135. Lose $130 and I would rethink the whole setup. SPCX already made the recovery. Now I want to see if buyers can turn that recovery into another leg higher.