As predicted ASTS broke out and is on an upwards swing gaining ~20% from the bottom. A lot of this hype today is due to the SpaceX launch and flight success however this is only the beginning to the growth we will see in this stock. We are patiently awaiting on news of further business deals that the company has been working on and is expected to release publicly soon. This will be the catalyst sending the stock to my current target of ~$12 a share with further potential in the coming years. This stock could be a true gold mine with the growth in the Space industry and the possibility of being picked up by the new ARKX ETF would be another great catalyst. I am very bullish on this stock.
This is not financial advice and for educational purposes only.
Thanks for reading everyone, happy trading!
This is not financial advice and for educational purposes only.
Thanks for reading everyone, happy trading!
Comment:
As predicted ASTS broke out of the downtrend and had some really strong upwards movement however this did not last very long and we are on the way back down. At this point it is a game of accumulating shares for cheap while we wait for large movements in the company. ASTS is attempting to do what no one else is doing and will be addressing a market of over a trillion dollars. Of course they will not take 100% of the market but they can have a very significant position being the first to create a space cellular network.