Space X IPO will bring $ASTS and other Stocks even more down, it's too late for space stocks to Rally, wait for it to go atleast $60-$70 to load up again and remember the chart already made all time high at $134.
If the $87 line breaks tomorrow, expect $ASTS at $63-$70 range, no signs of any upward momentum yet, will have to be really patient with this one, 2 weeks are the determining factor, with SpaceX IPO and their 3 Satellite launches.
I'm NOT against $ASTS and neither gonna short it, guess what when people get their shit wrong they make fake assumptions of you.
I'm just here speaking facts, the chart is showing clear downtrend and fear in the Macro sector, still they persuade you to buy at the wrong price.
All $ASTS has to do is to make two 30% move upwards to reach all time high, which is impossible before SPACEX IPO, after that it will spiral down more towards $60, then load up again for 3 Satellite launches, thats how you play it, holding it forever, is a lie!
@Stesterer It will be a net positive, we just have to wait for the right price, why pay more if the stock is showing no strength and a clear downtrend!
Space X IPO will bring $ASTS and other Stocks even more down, it's too late for space stocks to Rally, wait for it to go atleast $60-$70 to load up again and remember the chart already made all time high at $134.
@chasecashman True, doesnt mean it's going to $200 just coz it's not far away, there are things called macros, trend line's etc to look into before saying any price targets
$ASTS will hit $80 tomorrow and the space X IPO will be a waste, people here are making predictions of $200 PT but overall weakness in the market will drag it down sadly.
@spacanpanman I'm not against $ASTS, I still hold shares, I'm against people claiming insane price targets which goes from $200-$500, that's what I dont like, trying to runaway from the reality where the chart is showing a clear downtrend. ๐คทโโ๏ธ