Reformed_Trader

Content is for info/entertainment purposes only and not for financial or investment advice. Investing involves risks.
*NFA = Not Financial Advice.
Hebrews 13:5

[Reformed_Trader @ReformedEdge_]

Everyone wants to buy low and sell high until it's time to buy low

[Reformed_Trader @ReformedEdge_]

$ASTS take it to the ceiling then take it back to the magnet. Algos have really made the market simpler if you have the tools, but ultimately dumber when you look under the hood and see how goofy it all is. To think they accused reddit meme posters with robinhood accounts of gam

[Reformed_Trader @ReformedEdge_]

$ASTS first 8ema tag yesterday and push off since the reversal from the low, and now the first test of the 50sma since July 6th breakdown. Momentum is in bulls' favor and I believe we will get to the 200sma within a few sessions.

[Reformed_Trader @ReformedEdge_]

@fundstrat says about D2D connectivity that “the addressable market is far bigger than the existing business.”

He’s right. As connectivity is solved TAM naturally grows. Just wait till the market learns who the actual leader is in D2D technology and global partnerships

$ASTS

[Milk Road @milkroaddaily]

Tom Lee: Starlink offering mobile service could unlock an entirely new industry.

"Omni connectivity anywhere in the world on a device."

Machine-to-machine communication needs everything always connected.

"It may unlock a whole new industry around things that have to stay connected all the time."

Starlink alone could become "a multi-trillion dollar business."

FT @GavBlaxberg @fundstrat @BitMNR @WOLF_Financial.

[Reformed_Trader @ReformedEdge_]

$ASTS starting to push off the rising 8ema and also appears to have made a bull flag/pennant. If valid then a measured move can take it to $90 area in the short term.

*NFA

[Reformed_Trader @ReformedEdge_]

$ASTS for this week $70 is a big spot. We see an adequate hold at this level and $75 can come quick imo which is the next big level as the 50sma is just around there.

[Reformed_Trader @ReformedEdge_]

I think everyone is learning just how much this market is fully controlled. If it wasn't obvious earlier this year it certainly is over the last 4-8 weeks. And I'm not just talking about ASTS. It runs much deeper than that

[Reformed_Trader @ReformedEdge_]

$ASTS not much to update. The $75 level appears to be the line in the sand still. Lots of support below if earnings reaction is anything like the last one (took 3 days to reclaim the short term damage).

[Reformed_Trader @ReformedEdge_]

$ASTS chart dump:

Building structure after reclaiming long term EMAs and breaking out of the falling wedge. Getting over $75 in a convincing manner should be significant.

The 8ema crossed over the 20sma pretty powerfully showing a stronger signal. This has often resulted in mul

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS starting to push off the rising 8ema and also appears to have made a bull flag/pennant. If valid then a measured move can take it to $90 area in the short term.

*NFA

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS chart dump:

Building structure after reclaiming long term EMAs and breaking out of the falling wedge. Getting over $75 in a convincing manner should be significant.

The 8ema crossed over the 20sma pretty powerfully showing a stronger signal. This has often resulted in multi week rallies with significant % gains.

Linear chart shows a breakout has started but still waiting on the RSIs to confirm the move. I would expect some kind of confirmation to align with earnings reaction or at least by next Friday.

Weekly chart bounced right off lower channel with MACD histogram coming off record lows. Price tagged weekly 55sma and closed back above the 8ema since losing it after the first week of July. Getting well above $75 can trigger a strong breakout.

*NFA

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS spent enough time under $69 where option dealers could have cleaned up their books for the week. If so then this can head towards $75 imo

*NFA

[Reformed Tr🅰️der @Reformed_Trader]

Agree. There’s a lot of things not adding up. By September I will be getting very defensive

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS "We need a PR to get out of the basket"

*gets positive PR
*underperforms the basket

[Reformed Tr🅰️der @Reformed_Trader]

Button (downgraded Kenny G algo) giving investors another chance to buy $ASTS under $70 as it’s totally unaware that $SPCX just implicitly confirmed that $TMUS is switching to ASTS, effectively giving them a monopoly on the most valuable mobile market in the world.

The strategic value of ASTS to MNOs cannot be overstated. There is no other option for MNOs.

Furthermore, if SPCX is willing to spend even more CAPEX to pursue this market (including building out terrestrial to compete) it should be a strong signal at just how massive the TAM is.

Call me crazy but my opinion is ASTS should triple when the market wakes up to this reality. And that’s probably too low.

We’re talking about one of the only, if not the only, company in the world that offers MNOs and governments globally the ability to compete with Starlink. What value do you put on that?

[Reformed Tr🅰️der @Reformed_Trader]

Good! I hope they tank more and force these MNOs to get vocal about their solution to compete with Starlink Mobile.

It’s time $ASTS

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS looks like I was off by $0.56 and one day. I blame Leopold and Kenny G

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS only 10min into the day but we have an island gap potential here. You can see how the most recent two have played out. Key is for the gap to remain unfilled. These are powerful reversal patterns.

*NFA

[Reformed Tr🅰️der @Reformed_Trader]

$ASTS 1 hour log chart shows it's poking around the first main resistance of $65 after making a rounding bottom. The RSI is making a higher high than the recent time it traded this price signaling bulls are much stronger this time

*NFA

[Reformed Tr🅰️der @Reformed_Trader]

Everyone wants to buy low and sell high until it's time to buy low