TradingKey – SpaceX (NASDAQ: SPCX) is trading at $178.91, probing the ascending black trendline support on the 2H time frame following a correction from its $225.64 record high. The stock is now oscillating between a recent $172 low and $190 resistance. RSI reading is at 44.24, in neutral zone with no strong divergences and long wicks of recent candles showing buyers defending the trendline convergence zone near 0.618 Fibonacci level.

One event from the past week is probably more important than charts: Moody’s, Fitch, and S&P Global each rated SpaceX creditworthy with a stable outlook on June 18, the same day the stock fell close to 4%. It will likely be the most useful exercise for investors to determine why the strongest financial…