A -9% flush down on no news is typically something that I see happening when there is a stop loss raid
Soros also revealed last week that he has added more $ASTS to his fund too.
On the weekly chart we can see that the 50 WMA is at $23.50, a retest of this level may be needed before reclaiming the blue support line again.
The 50 WMA has also been a support level since Jan '25 too.
I have two buys in for $ASTS now and will consider a third when $25.40 is recaptured but I am add minded and not considering selling here.
Rob
2025-05-21 15:20:05 +0000 UTCPowellio
2025-05-20 07:40:16 +0000 UTCWilly G
2025-05-19 16:04:36 +0000 UTC