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$SPCX is consolidating around $135 after rallying sharply from $105 to $141 last week.
The move came despite the lock-up expiration, suggesting the rally may have been driven more by short covering than a major shift in fundamentals. With short interest still elevated, another squeeze is possible, but strong selling pressure could also turn this consolidation into a local top.
I’m still holding my long from $130. If $SPCX breaks above $145, I’ll look to take some profit. If it drops below $130, I’ll cut the position.
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#SpaceXShortCovering
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