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← @reformed_trader

$ASTS

BEARISH2026-06-26
Price around the call
↓ 2026-06-26
By horizonMaturing · ~0 trading days to go
1d
✗ +1.6%
5d
✓ -15.4%
21d
…
Original post
Reformed Tr🅰️der · 2026-06-26

$ASTS a few charts. Today we engulfed the body of yesterday's candle which is often a reversal signal. Many indicators are at or coming off some of the most extreme lows also suggesting we experienced capitulation this week. One thing worth noting is the RSI (5) tends to make a double bottom or divergent low, so I can't rule out the possibility of another test of this week's low or even an undercut. It likely comes down to the macro trade if that happens or not. Otherwise I'm pleased with today's action and how we closed. Next we want to see a reclaim of the 8ema on a closing basis as well as a defense of that moving average going forward. We also want to see a weekly close back over key moving averages like the 55MAs and 50MAs. *NFA

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