ASTS Technical Analysis by Deno Trading: Key Levels

21 авг.

ASTS Quick Chart Overview:
On the 15-minute charts for AST SpaceMobile (ASTS), we see some critical price action that provides clear insights into potential future movements. The price recently faced a strong resistance around $37.26 but managed to make multiple attempts to break above it. However, the overall trend appears to be meeting significant overhead resistance, which might lead to some short-term challenges.


Key Levels That we Need to look at here:

Resistance:
$37.26: This level has proven to be a tough nut to crack for the bulls. We saw multiple attempts to break above this, but each time the price got rejected, indicating that sellers are active around this zone. If we can see a clean break and hold above this level, it could signal the start of a stronger upward move towards the $40.32 mark.


Support:
$36.73 - $36.36: This is the immediate support zone. The price has been holding above this level recently, but any break below could see a pullback towards $35.07 or even the stronger support at $33.83, which has held previously.
Expectations:


Bullish Scenario:
If ASTS can break and sustain above $37.26, especially with increasing volume, it could set the stage for a move towards $40.32. This would align with the broader bullish trend we’ve seen building over the past sessions. A breakout here could attract more buyers, pushing the stock higher.


Bearish Scenario:
On the downside, if the price fails to hold above the $36.73 level, we could see a retracement towards $35.07 or potentially even deeper towards the $33.83 level. This move could be accelerated if the price breaks below $36.36 with strong momentum.


Sideways Action:
There’s also the possibility that ASTS might consolidate between $36.73 and $37.26 as it gathers energy for its next big move. This could mean some choppy trading action in the near term before we see a decisive breakout or breakdown.


Final Thoughts:
ASTS is at a critical juncture right now. The resistance at $37.26 is a major level to watch, and whether the stock can break above it or not will likely dictate the next significant move. I’m keeping a close eye on both the support and resistance levels for clues about the direction the stock might take next.

Stay tuned for more updates!