ASTS - Satellite company - is the correction over?

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AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.

1. Float 194.919M
   
2. Short Float 38.713M
   
3. Recent Passive Stakes by BlackRock, Abel Avellan AST SpaceMobile, Inc.Chairman and Chief
   Executive Officer and Billionaire Hiroshi Mikitani
   

Recent news:

1. AST SpaceMobile Completes Unfolding Of First 5 Commercial Satellites In Low Earth Orbit, BlueBirds 1-5
   
2. AST SpaceMobile shares are trading higher after the company announced it bagged a contract with the Space Development Agency as the prime contractor to the US Government.
   

Breakout Zone above: $30.30

Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.

Overall Market Sentiment:
It’s always crucial to consider overall market sentiment when making trading decisions.

ER on 11/11/2024

Resistance Points:

$36.50
$39.08
$44.00

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Additonally we broke out of a falling wedge with a retest of it.

Trading Strategy:

Take Profit (TP): Set a target at $81.00 (pretty optimistic target)

Stop Loss (SL): Set at under $20.00 or with less risk under $23.50 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.

١٣ نوفمبر

تم فتح الصفقة

booom nice strong bounce

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ملاحظة

uhh sell off because of bad ERs but play is still valid