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$ASTS stock has experienced significant gains, closing the week up 13% and was up 8% earlier. The stock has shown a higher low and higher high compared to last week, closing above the 8 EMA and the falling wedge. However, it closed just at or slightly under the 20 and 50 SMA, indicating that bulls need to clear these levels for continued momentum. The stock held the selloff three times from $24.61 and is seen as a squeeze trade based on short interest. If it closes above $30 before the third day, it could push into the mid to late $30s.
If you love ASTS, you have got to love RKLB here. $ASTS went up 20x from it's lows. $RKLB is "only" up 3x from it's lows. I think we see $11-$11.25 near term off potential breakout from this bull flag. Still got a lot of momentum in this name. https://t.co/iHGFjCmdLC
Top trade of the week. $Asts .. Held the selloff 3 times from 24.61 .. Purely squeeze trade based on short interest. If this can close 30+ Before the 3rd day, it can cause havoc to shortsellers and push it to mid 30s to late 30s once again. https://t.co/qsbSvoREfc
$ASTS weekly: higher low and higher high vs last week. Closed above the 8ema Daily: closed above the falling wedge (yes, there's other ways to draw it). Closed just at/slightly under both the 20 and 50sma. Bulls need to clear that for momentum https://t.co/OR55NXSPJK
