Modus777

$ASTS Where to now?

Long
NASDAQ:ASTS   AST SpaceMobile, Inc.
ASTS is in the middle of an impulsive move since August 20th that doesn't look to be stopping any time soon. At first glance, we can tell that a bullish cross over the MAs is inevitable very soon, with 8 and 50 day MAs over the 200. The move was also heavily supported by bullish flows. I would like to focus on 2 important points that will be pivotal (excuse the pun) for a move higher. First, mind this week's move above the all time lows' VWAP and the close right above the IPO anchored VWAP. This is very important because in this demand move, buyers are currently pilling up behind a good technical setup and a FOMO setup, especially. Second, the area in the volume shelf is close to working as a launchpad if above the 14.24 level, just as it did around 11.54. I wouldn't mind some choppy action just for the moving averages to catch up, but if it does continue the impulsive move higher, I'd like a daily close above both VWAPs.

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