$ASTS rejected exactly at the bottom of the gap fill, but held the previous ATH pivot at 54.05 and looks to be building out a bull flag while we consolidate
very strong relative strength on a tricky day for momentum stocks, can't ask for much more
next step is to close this gap
$ASTS
massive size on $45C and some speculators betting quarter of a mil on 46% OTM calls expiring by January
mostly seems like speculation on a volatility event from now until around October OPEX😏
They certainly LAUNCHed the stock today
$ASTS Keeping it simple
8ema about to crossover above the 21ema for the first time since.. 4 June 2025
Closed above all moving averages after taking out the 50sma at $48.38
Closed over the all time high VWAP
Candle closed near high of the day
Bullish on all timeframes
big spot here into supply and ATH WVAP.
That supply is also the VPOC for last month so it will be a battle to break and close over it. Premarket topped out at 49.4 and reversed at the supply.
May need to digest Fridays move before higher or maybe Ligado just sends it
$ASTS
Full credit to @CatSE___ApeX___ for finding this fractal.
Take the price from 15 May - 30 May 2024 and transpose it on top of 2 June to current period
This is an almost perfect repeat of the price action, over days instead of hours
$ASTS is going a lot higher than you think
$ASTS last post from me today maybe
The weekly chart closed with a morning star reversal pattern
The daily chart closed with an island bottom reversal pattern
bullish confluences everywhere you look on the charts
$ASTS Wyckoff re-accumulation schematic update:
Spring ✅
Test 🔃
My thoughts here are either:
A) we retest $42 previous lows and resume higher
OR
B) we go straight to high $50s and consolidate for a bit before higher
$ASTS Wyckoff re-accumulation schematic update:
Spring ✅
Test 🔃
My thoughts here are either:
A) we retest $42 previous lows and resume higher
OR
B) we go straight to high $50s and consolidate for a bit before higher https://t.co/JiXcPEm4aT
Prepare for all the tweets this weekend from the breakout traders saying a break over this trendline sends $ASTS back to all time highs (they are right)
$ASTS Just a slow grind into this seller at $42. Should resolve upwards but we really need a catalyst to trap these sellers and turn them upside down.
Until then I think we see price action similar to May this year
$ASTS Compression continues under the 21EMA between these two areas of resistance and support, but making higher highs and lows.
Sitting on the VPOC for this week which is objectively neutral. I'm leaning towards someone slowly accumulating in anticipation of news soon
$ASTS compressing between resistance and support on low volume, going to make a decision soon whether its going to $45 or back to retest lows at $37 short term
$ASTS HEAD & SHOULDER FAILURE
What happens if a H&S fails (again)?
In this case if price closes above the right shoulder at $53.20, the head and shoulders pattern is invalidated and the measured move is then reversed to the upside and indicates $72
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