ASTS AST SpaceMobile Options Ahead of EarningsIf you haven`t bought ASTS before the previous earnings:
Then analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week,
I would consider purchasing the 2.5usd strike price Calls with
an expiration date of 2024-4-12,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Asts
$ASTS - Generational Technology Leap - Primed for a BOOMNASDAQ:ASTS AST SpaceMobile Technology is one of the most interesting companies in the tech space right now. It will provide a generational leap in technology for direct to device sat com to unmodified devices. This means broadband connectivity anywhere without gaps. They are supposed to launch their first 5 revenue generating satellites in Q2 24. They are also generating revenues off of their BW3 test satellite that is already in space and has provided full proof of concept. They are partnered with major players such as NASDAQ:GOOG , NYSE:T , and $VOD. There is no true competitor to its technology. This is my own opinion after research. Please do not take this as financial advice. Make your own decisions and own them.
ASTS AST SpaceMobile Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2023-11-24,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
bear vs bull case for SASTSBear case vs Bull case
-Bears will need to take the advantage of historically overbought RSI, the break down of rising wedge, and the gaps down in order to push it further down.
-Bulls will need to use the news and push it up with FOMO and close the gap to 17 with a final target at the 20s.
$ASTS Where to now?ASTS is in the middle of an impulsive move since August 20th that doesn't look to be stopping any time soon. At first glance, we can tell that a bullish cross over the MAs is inevitable very soon, with 8 and 50 day MAs over the 200. The move was also heavily supported by bullish flows. I would like to focus on 2 important points that will be pivotal (excuse the pun) for a move higher. First, mind this week's move above the all time lows' VWAP and the close right above the IPO anchored VWAP. This is very important because in this demand move, buyers are currently pilling up behind a good technical setup and a FOMO setup, especially. Second, the area in the volume shelf is close to working as a launchpad if above the 14.24 level, just as it did around 11.54. I wouldn't mind some choppy action just for the moving averages to catch up, but if it does continue the impulsive move higher, I'd like a daily close above both VWAPs.
ASTS Could Provide 5g service to ALL vehicles!ASTS could provide 5g data by satellite to every vehicle anywhere on the planet. I have not heard this mentioned by anyone else and it would be an absolutely monstrous market to enter. Nearly every vehicle is going to be equipped with LTE capabilities, with older manufacturers such as Ford even following this path, and autonomous cars on the rise. Imagine an autonomous car having 5g service anywhere on the planet, this would be game changing. Extremely bullish on this stock and it is at a great price to accumulate shares.
This is my opinion.
ASTSAST SpaceMobile Inc (NASDAQ:ASTS) reversed and closed back above the $10 resistance zone, which was a very positive sign. The stock hit a high of $10.20, which is now resistance for Monday’s continuation move. All exponential moving averages are below turning up for support. I like this stock a lot for another swing trade.













