This year was kind to Space Mobile and it ranks pretty high on my p & l ytd. Having said that I think we are in a waiting period to see the effect new policy might have on ASTS. As that plays out I expect a price between 12 and 14
There are some technical analysts that look for "buy zones" based on previous price pops (technical term there). To my novice eyes, I see this dipped into a buy zone on Friday, this zone also is near an ascending support line. This same setup recently happened with NASDAQ:LUNR , and the bounce was an easy to read play. Therefore, I will be looking for volume and...
High short interest, been driven down hard, earnings improving, possible shift if no new lows.
I follow a long term trend analysis based on a tutorial published by @TradeWithParas, so naturally I suggest you refer to his idea for a longer term swing. But inside this analysis there should be some wave to wave trades. Currently I see consolidation between the 50 and 200 moving avgs, a break of the 200 could get pushed to the 34.50 area. As a stop, don't let...