$SPCX breaks below 150! Morgan Stanley calls 300 then dumps, Mige: I've seen this script too many times.

Brothers, SPCX has really taken "buy the rumor, sell the news" to the extreme. Morgan Stanley calls 300, Raymond James calls 800, but the price has plummeted from 167 all the way to 145, now at 149. Institutions are bullish, prices hit new lows — Mige has seen this script way too many times.

Technically, the daily MA7 (149.23) and MA25 (149.57) just formed a death cross, price pinned below the moving averages, short-term trend still heading down. MA99 (156.52) is far above as overhead resistance. To turn around, it must break above 150 with volume, otherwise it's just continuing to bottom out.

On the 4-hour chart, price dropped from 152.96 to 145.32, MACD death cross diverging downward, RSI near oversold but not yet extreme, short-term bears still dominant. However, today's low only hit 145.32 before bouncing, indicating some buying support below, but not strong enough.

Fundamentally, despite institutions collectively bullish, the Middle East situation hasn't calmed down, the Nasdaq fell more than 1% last night, and SPCX as a tech stock naturally got caught in the downdraft. Morgan Stanley's $300 is a long-term target, not something you go all-in on today.

Mige's advice — wait for stabilization, don't rush to bottom-fish.
For longs, consider entering after price stabilizes on low volume in the 145 - 146 range; for shorts, try a small short position near the 152 - 153 rebound zone.

Brothers, the institutions' call of 800 is just a pie in the sky. The long-term logic is sound, but short-term, what's going to drop will still drop. Wait until it's truly beaten down and no one dares to buy — that's when it's time to act.

#GUSD年化升至3.8%