After testing the AVWAP from the april low, ASTS is seeing a strong bid and holding the AVWAP. I think 
ASTS will test the AVWAP from the July high soon at 48-50 level, where I'd take some off. Stock might bounc around between this "AVWAP pinch" after that but I think will eventually break out of the pinch back towards all time highs and squeeze past that level. Multiple oscillators also suggest that momentum is picking back up and the low is in. New flow is positive. I am long. not financial advice.
ASTS will test the AVWAP from the July high soon at 48-50 level, where I'd take some off. Stock might bounc around between this "AVWAP pinch" after that but I think will eventually break out of the pinch back towards all time highs and squeeze past that level. Multiple oscillators also suggest that momentum is picking back up and the low is in. New flow is positive. I am long. not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.