SpaceX is struggling technically; rejection at the 65 EMA and a double top suggest risk of further decline.

uh SpaceX came in to 150 just like we were talking about and oh here I may get a chance to use this again here we go uno reverse. SpaceX down to 150, bouncing nicely, up two and a half points uh off of that. That's a shout out to the story trading guys.

And I want to say I want to say be careful with with SpaceX. I just want to say be careful. I don't know if if it's going to, you know, break down or Well, it's it's struggling.

It's struggling to uh to get back above uh the 65 EMA. Uh it went right to uh 53 uh in the last candle, but this is having a hard time uh you know, hold getting back above and holding above the 65 EMA.

So, if we continue uh with this rejection, I have a concern that this may come in some more, maybe even lose 150.

Yeah, it doesn't look like the greatest trend here. And actually looks like we kind of put in a double top up there at 154 and a half yesterday.

SpaceX continues to have uh continues to get rejected at the 65 or you know is not able to close over the 65 EMA. We've got we're working on our fourth candle now where it's just getting rejected.

So this continues I think that that could we could go on to lose VWAP. Also uh today was the day that more shares unlocked and that was for SpaceX.

And just going to cycle through some of these here. So, SpaceX still not able to get, you know, close a fiveminute candle above the V or the 65 EMA.