Low stock price, big news! AST SpaceMobile, Inc. 27/10/2023
AST SpaceMobile, Inc. has launched new satellites into space. The company also plans to launch a group of BlueBird satellites (the initial five satellites for its mobile communications constellation) early next year.
The first commercial contracts are expected to be concluded with telecom operators and government organisations as the demand for reliable satellite communications is growing worldwide. Some smartphone manufacturers are already releasing models with a similar function. Therefore, the potential overall demand for satellite communication services will be significantly more extensive than the current supply.
Therefore, it would be interesting to look at the AST SpaceMobile, Inc. (NASDAQ: ASTS) stock chart today.
On the D1 timeframe, support has formed at 2.73, with resistance at 3.38. Before today's trading session started, there was a struggle between bulls and bears for the resistance level. A "complex false breakout" was formed relative to the 3.04 level, which previously was quite strong support, and may indicate a further upward movement.
On the H1 timeframe, after the level at 3.38 is broken through, there is a chance that the new upward movement will start. In the medium term, the target for the price increase can be around 6.22.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The first commercial contracts are expected to be concluded with telecom operators and government organisations as the demand for reliable satellite communications is growing worldwide. Some smartphone manufacturers are already releasing models with a similar function. Therefore, the potential overall demand for satellite communication services will be significantly more extensive than the current supply.
Therefore, it would be interesting to look at the AST SpaceMobile, Inc. (NASDAQ: ASTS) stock chart today.
On the D1 timeframe, support has formed at 2.73, with resistance at 3.38. Before today's trading session started, there was a struggle between bulls and bears for the resistance level. A "complex false breakout" was formed relative to the 3.04 level, which previously was quite strong support, and may indicate a further upward movement.
On the H1 timeframe, after the level at 3.38 is broken through, there is a chance that the new upward movement will start. In the medium term, the target for the price increase can be around 6.22.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.