The Long Investor
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$ASTS
🕑 Added 2025-04-11 12:10:20 +0000 UTCPrice has managed to stay on the outside of the descending wedge and hold on the 0.5 fib at $20, which has been a support level since October '24 too.
The risk here is that the price is still below the 50 and 200 Day MA and the blue support line....I think the concern here is that although $ASTS has a strong moat, it is not producing meaningful revenue yet and with the market delicate, then this is considered risky at the minute
That being said, the price action is showing that buyers are aware of the support levels and have nor panicked yet but it may take some time to reverse here
If the market reverses then this will follow too...but I don't expect it to be an outlier right now.
Comments
Joel (ASTS Fan Club)
Because it’s an awesome company with a great solution
JK
Second this would love a RKLB update :)
Nadim
Why focus on ASTS . Can you chart also Rocket Lab?
