$ASTS
Added 2025-05-21 19:19:35 +0000 UTCRecap here because I know a lot of people are watching this and will be concerned if they see the price in any way below the blue support line at $25.40.
But we need to always go back to the chart.
We know the battleground area is the blue line at $25.40 and it has flipped between being support and resistance a number of times since August last year
But the facts are bullish:
We have a bullish descending wedge breakout
holding between the 0.5. - 0.618 Fib range
Followed be a retest of the wedge and holding from above
Followed by 7 weeks holding above the 50 WMA
And making continuous higher lows along this MA.
And the price is testing this level again today.
As long as the price continues to hold above this MA then the bulls can capture the $25.40 blue line again.
Once the price finally stays above this level, then we can move higher to $39 next.
No concerns here
Downside risk is still a drop down to the 0.618 Fib at $16, which I will be buying a truck load of shares at this price.
Moat is far too strong here to ignore.
Comments
"Moat" refers to a company's sustainable competitive advantage—something that protects the company from competitors and helps it maintain long-term profitability. Companies like Coca-Cola or Apple have loyal customers and global brand recognition. Also, the value of the product increases as more people use it, like Visa or FB There are companies that can produce goods or services more cheaply than others or that they have patents, trademarks, or regulatory licenses that protect the business. A company with a strong moat is generally more stable, profitable, and better equipped for growth over time, even when facing competition or economic challenges.
Gon
2025-05-22 09:27:50 +0000 UTCMoat?
Andrew Bruno
2025-05-22 05:21:26 +0000 UTCThank you for the chart. I love volatility. I appreciate the calm big picture view you provide. Let’s go.
Tim
2025-05-22 01:04:50 +0000 UTC50wma Test Almost in
Rob
2025-05-21 19:24:25 +0000 UTC
