The Long Investor

$ASTS

Added 2025-05-13 10:15:01 +0000 UTC

$ASTS is an early stage growth company and should be seen as a Pre - Revenue company, focus on its Moat and potential.

ER makes very little difference in terms of EPS and Revenue for a company at this stage but confirming their on track to launch more satellites and announcing time lines is what the market really wants to hear.

I think $ASTS have done this and that is why the price is still above $25.45 post ER

The 50 and 200 Day MA and the blue support line is also at this level and we can see here that the 50 WMA is also moving up to this level to reinforce support.

RSI is showing a move higher now too and the MACD is showing a trend reversal to the upside.

All we need to see now is $25.45 holding and I believe the share price starts moving higher, I don't need it to move fast, just in the right direction until the next ER is perfectly fine.

$39 is my target in the short term.