$ASTS
Also some nice strength relative to the rest of the basket - didn't expect to be leading after the $RKLB news. Will be another good sign if it can hold that into the close & not get stuffed back into the basket so much.
$ASTS
Ok so the answer to that was no
But we have substantially undercut the lower extremes & are now trying to reclaim major support trendlines & defend a double bottom.
Looking for a strong, sustained moved to hold above $72 here & with continued equal strength Monday or I would expect some more chop/downside.
Next targets would be moving averages at $75 & ~$80.
All remaining moving averages are all under the $90 level to reclaim. I think whenever we clear the $80 range (especially if shorts haven't begun to cover yet) that fuel will start adding into the equation to print more volatile moves up.
No clue when all of that will play out - still monitoring it day by day & being ready for a move in either direction.
$ASTS
Lot of technical parallels lately to the run up right before the June/July move last year.
We printed a hammer candle to mark the bottom/higher low in 2025. Would be crazy if it happened again today with an inverted hammer?
Will find out tomorrow
. @Verizon led all seven winning bidders in the @FCC's AWS-3 auction with nearly $3.2 billion in successful bids out of more than $3.5 billion in net auction revenues. @TMobile was second at nearly $278 million, while @ATT finished third at nearly $121 million.
$ASTS keep in mind that it normally takes a week or so on average to form the bottom. What we're seeing today is the first rebound off an extreme low and often is followed with more choppiness before reclaiming key moving averages
*NFA
@MambaHarveyInc@Reformed_Trader seems like a time buyers would want to start stepping up but i'm ngl for the first time ever i think i have actually lost all hope on a short term basis
$ASTS has now experienced 6 major drawdowns over the last two years averaging -50%. This current drawdown is the fastest one and most similar to the drawdown during March/April 2025.
If this were to match the deepest drawdown of 55% it could drop towards $60, but this has been the sweet spot for sharp reversals to materialize.
*NFA
$ASTS
Zooming out a bit, there are a lot of parallels to March 2025
This is not adjusted for volatility increase since last year, so the mark up could be significantly more violent
As mentioned previously & by many other great accounts - there are a lot of parallels right now to the lead-up before the massive run start around June/July 2025 $ASTS
$ASTS
January 2025 and April 2025 made equal lows (premarket) just the same as May 2026 and June 2026 IF price holds here.
If this fractal plays out, you are buying the bottom here before a massive move up over the next few months.
$TMUS $SPCX - SPACEX-T-MOBILE TAKEOVER RUMORS EMERGE
A TD Cowen analyst says SpaceX could acquire T-Mobile to accelerate its wireless ambitions if it can't secure a network-sharing deal. The report cites T-Mobile's existing Starlink partnership as a strategic fit. The idea is purely speculative, but highlights growing competitive pressure from SpaceX on the telecom industry.
Right after they form a JV with ATT & Verizon and only $ASTS is in on it before the announcement? And then all the $SPCX higher ups cried all day on x about it?
Sure
Right after they form a JV with ATT & Verizon and only $ASTS is in on it before the announcement? And then all the $SPCX higher ups cried all day on x about it?
Sure
$TMUS $SPCX - SPACEX-T-MOBILE TAKEOVER RUMORS EMERGE
A TD Cowen analyst says SpaceX could acquire T-Mobile to accelerate its wireless ambitions if it can't secure a network-sharing deal. The report cites T-Mobile's existing Starlink partnership as a strategic fit. The idea is purely speculative, but highlights growing competitive pressure from SpaceX on the telecom industry.