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← @reformed_trader

$ASTS

BULLISH2026-08-07
Price around the call
↑ 2026-08-07
By horizonMaturing · ~0 trading days to go
1d
✓ +4.5%
5d
✓ +3.5%
21d
…
Original post
Reformed Tr🅰️der · 2026-08-07

$ASTS chart dump: Building structure after reclaiming long term EMAs and breaking out of the falling wedge. Getting over $75 in a convincing manner should be significant. The 8ema crossed over the 20sma pretty powerfully showing a stronger signal. This has often resulted in multi week rallies with significant % gains. Linear chart shows a breakout has started but still waiting on the RSIs to confirm the move. I would expect some kind of confirmation to align with earnings reaction or at least by next Friday. Weekly chart bounced right off lower channel with MACD histogram coming off record lows. Price tagged weekly 55sma and closed back above the 8ema since losing it after the first week of July. Getting well above $75 can trigger a strong breakout. *NFA

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