The short-side position-building signal has been invalidated, and there’s no immediate catalyst.
The initial price for the previous signal was 48.24. Key evidence included a 9.8x increase in trading volume and a 0.61% rise in open interest over 10 minutes. The confirmation price was 46.9292, but the price has now risen above the invalidation level of 49.2886.
The current price is 49.36. The bearish thesis for this move is no longer viable.
$ASTS
The initial price for the previous signal was 48.24. Key evidence included a 9.8x increase in trading volume and a 0.61% rise in open interest over 10 minutes. The confirmation price was 46.9292, but the price has now risen above the invalidation level of 49.2886.
The current price is 49.36. The bearish thesis for this move is no longer viable.
$ASTS