Where do I start?
First of all, well done everyone for trusting the process here.
Fantastic earnings followed by a +30% yesterday and now up +8.3% in the PM and now up +36% YTD.
There was a clean break out of the bullish wedge, this wedge has done a great job keeping the price action protected and guiding us this year.
Price is now above all moving averages and has a very strong moving candle.
I have added in the green extended fib levels from this move and the 4.618 Fib aligns with the Cup and Handle blue line at $23.55 but we should be expecting a retest of an MA or important Fib levels
Right now there is a lot of strength, so we should do nothing with our positions.
I typically don't like playing the subwaves unless there is a parabolic move and then I will trim a small bit to manage my risk.
My Primary Wave 3 target is at $46 and this is looking very good so you can sit back and do nothing here until then or wait until we get a Wave 2 of Primary Wave 3 and then add again....this is what I will likely do here next.
Joel (ASTS Fan Club)
2025-05-08 14:39:41 +0000 UTCRagin_Savant
2025-05-08 13:26:43 +0000 UTCLuke Foster
2025-05-08 13:07:06 +0000 UTCnasinthesix
2025-05-08 12:24:00 +0000 UTCDan
2025-05-08 11:56:52 +0000 UTCStevie C
2025-05-08 11:56:11 +0000 UTCTejas
2025-05-08 11:42:20 +0000 UTCManu
2025-05-08 11:11:08 +0000 UTCGareth Neary
2025-05-08 10:51:17 +0000 UTCHenry
2025-05-08 10:47:18 +0000 UTCSid
2025-05-08 10:44:26 +0000 UTCSid
2025-05-08 10:44:11 +0000 UTCNigel
2025-05-08 10:40:22 +0000 UTCKal
2025-05-08 10:40:11 +0000 UTCDom
2025-05-08 10:39:23 +0000 UTC