I wanted to buy $50,000 worth of $SPCX and my 🇨🇳 Chinese Mom stopped me and showed me something
TradingKey flagged something today that every #SPCX holder should actually read, the stock has an RSI of 79.85 right now which is deep into overbought territory, the current rally is described as primarily a supply and demand imbalance from a tight 4% float rather than a fundamental re-rating, that means the price is moving up because there are not enough shares available to sell, not necessarily because the business got more valuable overnight, when float expansion arrives in December that imbalance could flip violently in the other direction. 📊
SPCXUSDT
Perp.
191.22
-6.08%
TSLAUSDT
Perp.
399.62
-1.20%
NVDAUSDT
Perp.
206.94
-0.83%