$ASTS gap fill and consolidation $ASTS gap fill and consolidation, speculative play with rare upside
ASTS trade ideas
$ASTS$ASTS formed a short base but a textbook looking one and is going up with a strong push on volume now.
$ASTS elliott wavesRe-calculating the waves... We do a more complex wave for wave 4. I expect a retracement for the B wave of the zigzag wave (z). And then close the gap at least or more but without infringement wave 1
bear vs bull case for SASTSBear case vs Bull case
-Bears will need to take the advantage of historically overbought RSI, the break down of rising wedge, and the gaps down in order to push it further down.
-Bulls will need to use the news and push it up with FOMO and close the gap to 17 with a final target at the 20s.
ASTS bearish wave countI will stay away from earning as we approach a critical cycle date as well. Every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days. I am expecting a selling event to take place, I don't know what will be, maybe an offering, maybe sell the news... The tricky part is that we are many retailers here and as is well-known institutions will want to participate and have the best price possible. Although if we go above 13.20 will be very bullish as we will invalidate the bearish count. Good luck to all of you!
ASTS wave countMy long-term Elliott wave count for ASTS. I am taking a long position here as we are getting on wave 3
Possible double bottom Space MobilePossible double bottom with 20% upside, OBV good on long downtrend with a little volume to support.
ASTS has a bright future with all the billionaire space hypethis is a safe buy zone for possible "hype" pumps in the future.
ASTS - Return of the WedgePrice action forming a possible falling wedge, but the volume is low, and without more volume, the pattern is not as likely to break above resistance.
9.3% Upside
2.95% Downside
3.16 R/R Ratio
$ASTSChart Pattern: Weekly breakout retest & recent high VWAP retest and bounced. Ideally would like to see more buy volume coming in (see $GSAT)
Best entry @ $11
Target @ $15
Stop Loss when daily close under $10.75
Timeframe: 3-4 weeks
Note:
$ASTS should be a long term hold (>3 years). Will accumulate more core position through technical trading.
Reverse shoulder head shoulder patternReverse shoulder head shoulder pattern
PT:18
It is not investment advice.
$ASTSLong $ASTS commons
Timeframe 3-5 weeks for technical trading
Chart patterns:
Falling wedge breakout continuation on week 3 with increased volume & weekly triangle breakout - possible breakout retest & bounce needs volume to take a higher leg up
Entry watch:
1. breakout retest @ $11
2. recent high VWAP retest $12
Target (3-5 weeks):
1. $14
2. $15
$ASTS Where to now?ASTS is in the middle of an impulsive move since August 20th that doesn't look to be stopping any time soon. At first glance, we can tell that a bullish cross over the MAs is inevitable very soon, with 8 and 50 day MAs over the 200. The move was also heavily supported by bullish flows. I would like to focus on 2 important points that will be pivotal (excuse the pun) for a move higher. First, mind this week's move above the all time lows' VWAP and the close right above the IPO anchored VWAP. This is very important because in this demand move, buyers are currently pilling up behind a good technical setup and a FOMO setup, especially. Second, the area in the volume shelf is close to working as a launchpad if above the 14.24 level, just as it did around 11.54. I wouldn't mind some choppy action just for the moving averages to catch up, but if it does continue the impulsive move higher, I'd like a daily close above both VWAPs.
Next target for ASTSASTS moving nicely since last few days. On it's way to 14.
Must hold 11.30 or at last 11 to keep this momentum going.
Once it reclaims 14 and stays above, 15.75 next target.
If 11 fails to hold, could retest 9.60
Other support / resistance levels as marked.
another phone plan anyone?eyeing a bounce off the .236 @ $7.92 this Thursday/Friday. If it fails there next stop $6.95. Looking at the November 19th $15-$17.50 calls there's a lot of demand in the monthlies out there, likely writing some covered calls to add supply on to those derivatives. Nothing unusual tho, suggests that people are happy with 5G and switching to a space based service not going to be an easy sell. A short term swing trade more pragmatic the more I look at this. All things being equal, RSI on the 2hr looks atrocious and it's ready for a bid...
$ASTS Playing divergence at 200MADaily/4hr HBD on MACD and RSI at the 200ma. Stop right below most recent low. Also some muddy cup and handle like pattern. Also a muddy 3 rising valleys pattern. Targeting gapfill. NFA
$ASTS is gonna fall todayPupm&Dump trading strategy idea.
$ASTS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $13,86;
stop-loss — $14,29;
take-profit — $13,02.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
ASTS LONGFound this company last week and opened a position at 12.60
These guys are basically trying to make broadband internet more accessible to cell phones worldwide by beaming it down thru satellites. Interesting product with very high reward if successful. That being said we are still in the pre revenue stage here so this play comes with the obvious added volatility/risk.
After a few volume spikes in June, this ticker seems to be picking up some steam. With all the recent/future events surrounding SpaceX, Virgin Galactic, Blue Origin, ARKX, etc., space plays could see a good few years for forward thinking investors. The industry is still a baby.
Hoping it can follow this trading channel for a bit:
Risk: -15.25%
TP1: +27%
TP2: +98.4%
Cup and handle Cup or cup handle is formed, if volume supports it can go to targets.
Stop:10.5
Deutschebank PT=35
It is not investment advice.
$ASTS entry PT 9.11-9.60-9.75 PT 35 and higherAST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.
AST Space MobileExcellent structure, promising to breakout to the moon.
Waves 1-2, after a divergence.
Space topic is a risk, but this seems to be a good entry to keep for a while)
ASTS Could Provide 5g service to ALL vehicles!ASTS could provide 5g data by satellite to every vehicle anywhere on the planet. I have not heard this mentioned by anyone else and it would be an absolutely monstrous market to enter. Nearly every vehicle is going to be equipped with LTE capabilities, with older manufacturers such as Ford even following this path, and autonomous cars on the rise. Imagine an autonomous car having 5g service anywhere on the planet, this would be game changing. Extremely bullish on this stock and it is at a great price to accumulate shares.
This is my opinion.
ASTS has broken out!As predicted ASTS broke out and is on an upwards swing gaining ~20% from the bottom. A lot of this hype today is due to the SpaceX launch and flight success however this is only the beginning to the growth we will see in this stock. We are patiently awaiting on news of further business deals that the company has been working on and is expected to release publicly soon. This will be the catalyst sending the stock to my current target of ~$12 a share with further potential in the coming years. This stock could be a true gold mine with the growth in the Space industry and the possibility of being picked up by the new ARKX ETF would be another great catalyst. I am very bullish on this stock.
This is not financial advice and for educational purposes only.
Thanks for reading everyone, happy trading!
