SPCX Rips Higher, IREN Still Bullish

PeterDiCarlo
08-18 08:56

🐯 Good morning, Tigers!

It’s been another strong stretch for the AI trade, with several names now reaching important levels.

🔥 $SpaceX(SPCX)$ is up roughly 40% from the bottom we highlighted and is now approaching short-term resistance around $160. I’ve already closed my position. If I were still trading it with a short-term horizon, I’d be looking to take profits between current levels and $160. Longer term, $180–190 remains possible if momentum holds.

⚡ $IREN Ltd(IREN)$ continues to show a bullish internal structure. I’m still long and looking for a breakout from here.

🎯 $NEBIUS(NBIS)$ has also played out almost exactly as expected after we identified the buy zone. We’re not in the take-profit zone yet, so the setup remains active.

Three different stages, one common theme: momentum is still working.

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