$ASTS has pulled back over -35% so far, which is more than fair and expected after a run from $2 to $39
The blue line was the 2021 high, which is closely aligning with the 0.38 Fib, which is a common level for Wave A to complete, so I would expect a possible short term support here and bounce for Wave B, before moving lower to the 0.5 Fib - 0.618 Fib to complete Wave C
It may be attractive again down at these levels under $20.
Francisco Martin
2024-08-30 06:01:23 +0000 UTCPiotr David
2024-08-28 18:26:45 +0000 UTCFrancisco Martin
2024-08-28 18:16:47 +0000 UTC