ASTS Long

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ASTS LongAST SpaceMobile, Inc. Class ABATS:ASTSvladislav_xoTake a look at the setup developing on ASTS right now. After an absolutely monstrous run up to the $130s, the stock has been taking a much-needed breather. Instead of completely falling apart, it’s building a really clean consolidation base right around the $80–$100 level. Look at the volume profile at the bottom during this recent chop. The selling pressure is drying up. The price action is tightening, and it’s slowly reclaiming that primary moving average (the black line). This is exactly the kind of "coiling" action you want to see before a breakout. It’s sitting on an RS Rating of 98. Even while basing, it is showing massive relative strength compared to the broader market. Plus, if you peek at the bottom left, those projected sales growth numbers are explosive. The drawn projection on the chart is textbook. We’re looking for the price to hold this current shelf. It might give us one more shallow pullback to test support, but the stage is set for a push out of this box and back toward recent highs. The risk is clearly defined. You can see the "SL" (Stop Loss) marked right below the recent lows of this consolidation zone. Because of that 9.3% ADR, you can size this so a stop-out is just a paper cut, but a breakout is a home run.