$ASTS bounced yesterday on launch information and eluding to the fact there will be a dilution coming, price jumped in spite of this......which we know to be exit liquidity which is always Wave B.
Strong pull back today and a lower low has been made, so I believe we are in Wave C now
50 Day MA is exactly at the 0.5 Fib at $20
So let's watch for here and the Second target at $23 for support.
The lower it can go the better.