The Long Investor
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$ASTS
🕑 Added 2025-01-23 10:38:32 +0000 UTC$ASTS have announced a $400 Million public offering and the price is down -12% in the PM now which is to be expected but any investor here should not be surprised by this, they need money to expand but it's their Moat that you are buying.
We can also see that the price is still above the 200 Day MA and the 0.618 Fib, so a hold between $17.50 and $16.30 will likely encourage buyers back in here, as this would be a perfect ABC correction.
So bulls should be considering adding again when there is a hold.
