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!