$ASTS has come down to retest the 0.5 Fib again $20.50 again after holding support since October
We can see that the blue resistance level at $25.45 has been a difficult level for the bulls and the price has not been able to hold above this level.
A lower low is likely here next and we can see that the 200 Day MA is just above the 0.618 Fib, so while the market is showing weakness, a non profitable company will struggle, so expect a break down to test the 200 Day MA if the 0.5 Fib is not held.
Overall, this is still only a standard pull back.
Loote
2025-01-01 19:11:13 +0000 UTCFrancisco Martin
2024-12-30 19:51:33 +0000 UTCGareth Neary
2024-12-30 18:07:07 +0000 UTCDr. C
2024-12-30 18:05:16 +0000 UTC