Monster Breakout brewing for ASTS🔍 NASDAQ:ASTS Weekly Chart Analysis (Accurate)
Pattern: Massive bull flag / consolidation wedge after a parabolic run.
Current Price: ~$31.20, sitting near the midpoint of the descending channel.
Structure:
Price is compressing between lower highs and higher lows.
Volume spikes on up moves, low volume on pullbacks = bullish accumulation.
Testing upper trendline of the flag — breakout could trigger a new wave.
✅ Favorable Path:
Break and weekly close above ~$34.00 (channel resistance) confirms breakout. That opens up a measured move targeting $50–55 short-term, and possibly $70+ if momentum accelerates.
🎯 Measured Move Target:
Pole base ~$6 → Flag peak ~$36 = ~$30 range
Breakout above $34 → Target = $34 + 30 = $64
⚠️ Invalidation:
A breakdown below $24–25 zone would invalidate the flag and suggest distribution instead of continuation.
🔑 Summary:
Setup: Weekly bull flag after a parabolic leg
Bias: Strongly bullish with breakout potential
Trigger: Weekly close above $34.00
Short-term target: $50–55
Full measured move target: ~$64
Invalidation zone: Below $24
Smart money appears to be loading the dips. Breakout traders should watch $34 like a hawk.
