TradingKey – Recently, SpaceX (SPCX) stock price entered a short-term high-level consolidation phase after breaking above $150. However, as the stock price confirmed a breakout above $150 this Wednesday, further upside potential has been unlocked, with the price expected to test the resistance level at $172.
SPCX daily stock price chart, Source: TradingView
From the daily chart of SPCX stock price, since rebounding from around $135 on August 24, overall lows have continuously moved higher. However, the price has faced resistance near $155 for three consecutive trading days recently, indicating strong selling pressure at this level. Nevertheless, recent candlestick highs and lows are gradually moving upward, showing that the short-term…
