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 has two first-time major events:
1、SPCX will release its first earnings report since the IPO (Q2 results on August 4). Currently, there’s disagreement in the market about SPCX’s real profitability in AI and space hardware (xAI, Starlink, and launch business). If the earnings report can prove its top-tier profits and revenue, then it would be a major positive catalyst and could trigger a strong rebound first.
2、But there’s also bad news: on August 6 (the third day after the earnings release), the IPO shares will unlock. This will be the first unlock after the IPO; early investors will be allowed to sell on that day—an overhang/sell-pressure signal.
But what matters most is the earnings report. If the report is good, the selling pressure will be lighter. If it’s bad, even a huge unlock of shares could trigger a chain-reaction sell-pressure stampede.
Also, the 13th Starship launch window is approaching. Any upside-than-expected success with Starship will be reflected directly in the price action.
From a technical perspective, the bottom-bounce flip is a signal. During the day, you can build your core position first. If at night the fundamental impact doesn’t break below the new low, and it finds support near 110 and stops falling, then that would be the best setup with more upside.
Enough—I've held back from buying the dip in U.S. stocks for a long time. I’m afraid to touch storage stocks, so I’ll start with SPCX.
$SPCX
