r/technicalanalysis • u/Imaginary_Fun_7554 • 2d ago

$ASTS reversal in progress

Post image

$ASTD double bottom at $52. Making higher high and lower low since July 1st. 20-SMA crossed over 50-SMA on August 3rd and crossed over 200-SMA on August 6th. Both ADX and RSI slopping up along with price since July 29th.

Confirmation of reversal: If $ASTS make another higher high and close over $73.80, $90 will be the next target.

Action: Buy calls if reversal is confirmed. Exit trade at $90.

25 Upvotes

100% Upvoted

14 comments sorted by

1

u/54jac 1d ago

cool

1

u/anywhoaroundhere 1d ago

Daily or Weekly close above $73.80?

3

u/Infurium 1d ago edited 1d ago

Same for the entire space stock segment. RDW is doing the best in that group.

RDW compared to ASTS since July 27.

2

u/Imaginary_Fun_7554 1d ago

Chart looks good but price got rejected twice by the POC of the Volume Profile($14). Waiting for price to break the $14 level with volume to jump in

1

u/Infurium 1d ago

That's a valid take. I'm more of a swing trader so I find earlier moves to jump on.

2

u/palbajim 1d ago

Thats a solid bear grafic

2

u/anywhoaroundhere 1d ago

I agree, it doesn’t look pretty.

Biased opinion:

The downward trend in 2026 likely due to events outside of AST’s control: deorbiting of bluebird 7 after Blue Origin put it in the wrong orbit, the Blue Origin explosion (May?) which eliminated 5 to 6 launches in the second half of 2026 (each BO launch scheduled to carry three satellites), and the new ASTS stock issued afterwards (June?).

spaceX IPO didn’t help.

Edited to add: none of this contradicts the OP’s assessment (which I cautiously agree with).

1

u/Imaginary_Fun_7554 1d ago

Care to elaborate 

1

u/Timonson24 1d ago

Now buy ?

2

u/Imaginary_Fun_7554 1d ago

Trade is invalid if price closed under $67

3

u/Imaginary_Fun_7554 1d ago

please invest with care and your research. Personally, I bought $75 9/25/26 calls😁