Brian Shannon on $SPCX (Nov 6, 2026)
SPCX fell to, then below, its 130 downside target and remains under its 135 offering price, its IPO and all-time-lowest-price anchors, and its falling 5-, 20- and 50-day moving averages; the speaker says to stay away and not buy just because everyone is talking about it.
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We talked about SpaceX and it did exactly what it was supposed to do. It has reached the downward target of 130. In fact, it even went down below that. I don't think I should buy it.
It is still below the offering price of 135. It is below the IPO anchor, which is shown as the orange line on the daily. This is below the all-time lowest traded price anchor. It is below the falling 20-day moving average.
It is below the falling 50- day moving average. It is below the falling 5-day moving average. So, stay away from this stock. Just because everyone is talking about it doesn't mean you have to buy it.