$ASTS (AST SpaceMobile) Recent Price Action - Technical Traders Perspective
Hey guys,
AST SpaceMobile ($ASTS) took a hit recently after news broke that SpaceX bought up a major nationwide wireless radio spectrum portfolio, effectively blocking one of ASTS’s key expansion routes.
Technically speaking, the aggressive pre-market gap down looks like a classic bear shakeout designed to flush out retail traders at the bottom of a long-term bullish trend channel.
Here is where things stand:
- Bearish Scenario: If ASTS fails to hold this pattern and closes the week with a full bearish candle below structure, the pattern breaks down. That opens up a drop toward the next major support level at $36.00, with open downside price gaps waiting to get filled at $39.21 and $31.27.
- Bullish Scenario: If this gap-down was just a deliberate stop-loss sweep to shake out weak hands, expect a sharp recovery back inside the channel, positioning the stock for a push toward the top of the trend pattern alongside open upside gaps.
The video covers all key details, including specific price targets, support, and resistance levels in more depth.
(NFA)
$ASTS Stock AST SpaceMobile | WHAT HAPPENED TO ASTS STOCK! | Technical Analysis
u/TradingVanguard — 5 days ago
