$ASTS
Added 2024-11-15 12:24:28 +0000 UTC$ASTS reported earnings yesterday and the price is down -12% in the PM but to me the earnings are immaterial, no one should have expected anything from this and the company still expects to launch 60 Satellites by 2026
You are buying $ASTS with anticipation of future earnings, not current earnings, it is at the very early stage of growth and has a lot of potential.
Crucially, the pull back has allowed the price to drop to inbetween the 0.618 - 0.78 Fib rang and above the Second target, a hold here and I can add the next impulse wave higher.
So holding here or above the 0.5 Fib at $20.50 would give me no concerns.
Comments
Very nice retest and bounce
Gareth Neary
2024-11-18 16:08:46 +0000 UTCπ°οΈπ
Francisco Martin
2024-11-18 16:00:38 +0000 UTCBack in today with +7% to end the day, not bad πΊπ» . Thanks Gar for the chart !!
Francisco Martin
2024-11-15 21:43:29 +0000 UTC
