SPCX / SpaceX: Retesting the Breakout Zone Before First EntrySpace Exploration Technologies CorpBATS:SPCXAuthorsFlowSPCX / SpaceX Technical Analysis SPCX has broken above the major downtrend line, but I would not treat this as a fully confirmed bullish reversal yet. Price is now pulling back toward the uptrend line and previous resistance area. This makes the current zone very important. For me, the key is whether price can hold above the consolidation zone and confirm a higher low. If price retests the uptrend line / previous resistance area, holds support, and forms a higher low, that would give a better first entry setup. I would not chase the breakout directly. My ideal setup: 1. Price holds above the consolidation zone 2. Price retests the uptrend line / previous resistance area 3. A higher low is confirmed 4. Bullish reaction appears after the retest If these conditions are met, I may consider entering with a partial position first. For example, if my total planned budget is $1,000, I may use 50% ($500) for the first entry to manage risk, then wait for stronger confirmation before adding the second position. However, if price fails to hold the uptrend line and falls back into the consolidation zone, I would treat this as a possible false breakout / no-trade zone. Market sentiment is improving in the short term. Wedbush initiated coverage on SpaceX with an Outperform rating and a $190 price target. SPCX is also set to join the Nasdaq-100 on July 7, which could bring higher volume and passive fund demand. Not financial advice. Just my technical analysis and trading plan.