$ASTS
Added 2025-04-07 19:54:48 +0000 UTCPrice has pulled back with the market and could not hold the important blue support level but has managed to hold on the outside of the descending wedge at $20 today.
The pull back has been corrective in nature which is a good sign, as a pull back in an upward trend should have 3 waves in it
The downside risk is a test of the 0.618 fib at $16 and this level must hold and keeps the price in the wedge, below this level and there is weakness
Otherwise, I only see this pull back as a reaction to weak market sentiment.
If the market bounces for Wave B, this will likely do very well too and start moving up to the blue line at $39
Impulse wave count has not changed either.
Comments
👌🏻👌🏻👌🏻
Francisco Martin
2025-04-07 21:48:13 +0000 UTCThank you, Cap. It was one of the big gainers today after the fake news.
John Keys
2025-04-07 21:12:21 +0000 UTCId love to hear a small thesis
Collin
2025-04-07 20:04:50 +0000 UTCNot for me right now
Gareth Neary
2025-04-07 19:59:57 +0000 UTCWill you be looking to start a position if you haven’t already?
Collin
2025-04-07 19:58:07 +0000 UTC
