AST SpaceMobile has successfully broken out of a falling wedge pattern, confirming support at the 0.618 Fibonacci retracement level from its previous uptrend. The breakout suggests a potential upside target of $42 (+67%)
The last major rally started after May 15, 2023, when AST SpaceMobile announced the first-ever voice connection using a satellite-connected phones.
Recent Catalysts:
- Vodafone, in collaboration with AST SpaceMobile, successfully conducted the first satellite video call using a regular smartphone.
- Collaboration with AT&T, Verizon, and Vodafone to integrate satellite-to-cell technology, expanding global coverage.
- FCC's partial approval allows ASTS to launch and operate its commercial satellites
The last major rally started after May 15, 2023, when AST SpaceMobile announced the first-ever voice connection using a satellite-connected phones.
Recent Catalysts:
- Vodafone, in collaboration with AST SpaceMobile, successfully conducted the first satellite video call using a regular smartphone.
- Collaboration with AT&T, Verizon, and Vodafone to integrate satellite-to-cell technology, expanding global coverage.
- FCC's partial approval allows ASTS to launch and operate its commercial satellites
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.