“Why SpaceX Stock Is Going to $190”
SPCE bull thesis driven by technical absorption of supply and fundamental narrative shift to data centers; target 190.
Uh, so here's what we saw in SPCE.X. Um, you had a an enormous area of overhead supply right here at one between 150 and over 155. And we said, and we said back here that there was a character change in SPCE.X. It stopped It stopped going down.
So, this is your overhead supply zone. Okay, right here. Uh, in between 150 and 155. And back in August, it made a higher low. Then it made a secondary higher low in September.
We said, "Okay, we're now in an absorption mode, right?"