$ASTS closed Friday at $40.66, barely holding above Thursday's $39.87 low — the lowest level in a year and down 69.6% from the $133.86 May high. That's your line.
Hold $39.87 and you've got room to reclaim Thursday's $44.46 close, then last week's $50.97.
Lose $39.87 and it flips to resistance. Next stop is the $36 zone that tape readers are watching.
Simple structure. Either we hold or we don't.
Hold $39.87 and you've got room to reclaim Thursday's $44.46 close, then last week's $50.97.
Lose $39.87 and it flips to resistance. Next stop is the $36 zone that tape readers are watching.
Simple structure. Either we hold or we don't.