TradingKey – SpaceX stock retreats after a surge and may test $135 or lower in the short term.

On August 14 Eastern Time, SpaceX (SPCX) stock continued to fluctuate, rising 0.86% in pre-market trading to $142.51. On Wednesday (August 12), Musk claimed that AI revenue next month would surpass Starlink and rocket launches, Starlink and rocket launches, driving SpaceX stock up nearly 10% to an intraday high of $148.79, approaching its first-day opening price of $150 and hitting a one-month high.

Currently, SpaceX is locked in a high-level tug-of-war before the $150 round-number level and showing signs of a pullback, reflecting strong resistance at this position with a large backlog of potential selling pressure. The two main sources are…