SPCX - 50 SMA Breakout with Small Cup & Handle

Wait 5 sec.

SPCX - 50 SMA Breakout with Small Cup & HandleSpace Exploration Technologies CorpBATS:SPCXKochva_💡 Swing setup idea Break above the 50-day moving average into resistance while closing a small cup-and-handle pattern 🔎 Analysis summary: The stock just broke above the 50-day moving average, reached resistance and completed a small cup-and-handle structure. This confluence of trend, pattern and level makes the breakout area key to watch. The upside potential is projected by the height of the cup from the breakout point. 👀 Levels to watch: Entry trigger: Break above $147.10 Target: $186.75 Stop: Under the support / base of the pattern 💬 Will SPCX break through resistance and continue higher? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.