The SPCX (SpaceX) short swing trade hit its second and final price target (T2) today for a quick 12% profit. Traders who covered the short and reversed long on the initial tag of the first price target (T1), then reversed back short on the subsequent bounce to the key 149ish resistance level, had the opportunity to capture as much as a 33% combined profit across those trades. Previous and updated 30-minute charts are shown below.
SPCX 30m Aug 12th
SPCX 30m Aug 14th
SPCX 30m Aug 17th
SPCX 30m Aug 20th
With T2 now hit as the final price target, SPCX and all previous posts associated with this trade will be moved to the Completed Trades archives.
For those holding out for additional downside beyond T2, consider lowering stops at this time to help protect profits.