$SPCE

SPCE is technically bullish; holding above key levels suggests a potential move to 170.

BullishHe framed it in days
“Brian Shannon Trader TV Live 9/8/26”
Brian ShannonPublished Sep 8 · 7 passages

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7 passages
0:082:17

We talked to you about SpaceX last week. And I'm just bringing it up again—you're probably done with that SpaceX stuff—but I'm going to mention it anyway. Because at the moment, SpaceX seems to be doing well .

We have definitely bounced back from that 150. Today might be a confirmation at 155. If we can close above 150 now, it might be one of the first days in a long time that we finish above that level.

But now SpaceX continues to rise. Can you give us a quick look at SpaceX here? And if people want to buy it, where could there be support if there is a setback at SPCE X?

Yes, always the first price as you said , so from the IPO and, uh, that is this orange line here. You can see from the last few tests, we were rejected for exactly that reason.

This time it broke through , continued moving sideways for a day, pulled back today to that rising 5-day moving average, and we continue to see higher highs and higher lows on that 30-minute timeframe.

So looking at this, Sean, I thought we might see a breakout of this level and then drop again. But, you know, the point here is, it looks pretty bullish because we are also above the anchor of the all-time high, and those are very close together because there were only 2 or 3 days between them.

But if you look at this, it really has potential for a measured upward movement. So, starting from the bottom here, around 105 to 145, let's say that's 40 points, and add that to this level here of 130, then you could see this stock heading towards 170 in this rising phase.

So, I think you should view it as innocent until proven guilty. This morning's low is important for managing risk, and you know, if we see another pullback, you raise your stop below the next higher low and see what the market does, but it looks pretty bullish.

I think yes, buying dips at those levels was certainly a good move at SPCE, but we just lost Nvidia quite aggressively. Some good gains on the downside for Nvidia.

Watchpoints

closing price relative to the 150 level

What this channel has said about $SPCE

Brian Shannon has 2 calls on this stock; only the adjacent ones are shown.

2026-09-08BullishThis one
We talked to you about SpaceX last week. And I'm just bringing it up again—you're probably done with that SpaceX stuff—but I'm going to mention it anyway.
2026-08-21
SpaceX is doing what it's supposed to do.
Quote at 14:20 ›
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