SpaceX (SPCX) stock saw an unusual volume surge this week that caught Charlie Moon’s attention.
It helped him spot a very strange pattern in the stock that he believes could shed light on what’s happening beneath the surface.
He broke it all down on the Benzinga Premarket Playbook.
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Charlie covers:
- Why this pattern might show something more than routine buying and selling in SpaceX
- How forced liquidation played a likely role in the volume surge
- Why (and when) he believes significant institutional buyers started stepping in
- What open market buying with that kind of sizing could signal about Wall Street’s comfort level
- The key price level he says traders should consider watching going forward
