$SPCX has earnings tomorrow, and I actually like the setup going into it. - Down 15% off the highs The stock is already about 15% off the highs, which I’d much rather see before earnings than a straight-up run that turns into a sell-the-news event. - Cup & Handle bullish pattern Technically, the cup & handle structure has been building for about a month. The level I’m watching is simple: $155. A clean breakout above that would get very interesting. Good report + good reaction, and I think $190 comes into play.
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