Remember when investing in the future doubt will be loud, fud will be ridiculous & "experts" will be DEAD WRONG
Know what you own & believe in yourself $Asts
7 reasons Amazon’s stock is going nowhere in 2014 https://t.co/jQp5sjH8cS
$ASTS I posted on this last week, but I think it's significant enough to revisit.
Since the 2024 low, every local top materialized with bearish divergence on the RSI (5). This means after the initial impulsive move up in price, the RSI also had a large spike to 90, give or take. Then after a pullback in price and RSI it would eventually see higher highs in price but lower highs in RSI indicating weaker strength on the final move higher, which ultimately put in a local top.
This same dynamic of bearish divergence is shown in CADO and CMF, both indicators are related, analyzing money flows/accumulation and distribution and the momentum of accumulation. When ASTS would peak it was under bearish divergence (higher high in price, but lower high in the indicators in view).
Since the recent peak on last Thursday, all three of these indicators were at cycle highs, confirming the impulsive move up. No bearish divergence. There is no prior pattern over the last two years of a top without bearish divergence, meaning very unlikely we have seen the ultimate top.
Additionally, CADO had the largest spike ever on 5/29/26 with a 47.8M print, slightly exceeding its prior record spike of 46.6M, a day off of exactly 2 years ago on 5/30/24. Kind of poetic. This was a record for maximum accumulation momentum.
Accumulation, more often than not, precedes price, meaning the odds of a top being in are very low. The momentum of accumulation matching/slightly exceeding May 30, 2024 is the wild card, as the last time it had similar momentum, it would go on to run another 360% over the next 56 trading days.
To be clear, I do not expect the same exact outcome as that is not how indicators should be interpreted. But it does give me a lot of confidence that a much higher high will come before a top is in.
*NFA
@tha_buffalo Doesn't even make sense when he's fast for an edge rusher to say he can only bull rush..
Being able to bull rush so well at his speed is impressive imo
$ASTS: 🚨US SPACE DEVELOPMENT AGENCY HIGHLIGHTS FEBRUARY TRACK 2 AWARD TO AST SPACEMOBILE DEMONSTRATING USING COMMERCIAL PLATFORMS FOR TACTICAL COMMUNICATION EFFORTS
I hate that this was the only logical solution. The only options the Browns had to be in a position to get a potential franchise QB in 2027 was either hope to just be that bad, or make a BIG move to put themselves there. It was one or the other. Hard to feel good about it.💯😞