Is there a U.S.-listed stock that’s about to bounce first?
After reviewing the tape, I saw that
$SPCX in U.S. stocks broke below the low and then flipped higher right after the open last night, and it also didn’t follow through on the downside during pre-market today—giving the impression that it’s showing strength and may be the first to rebound.
spcx has pulled back 53% from its IPO high. Last night’s sell-off stop-and-rebound suggests that near-term sell pressure may be exhausted. It could also be that some capital is starting to position early for the upcoming key events.
Next month, SPCX