$ASTS just hit 47 days below its 200-day moving average—the longest dip since the bull run kicked off in May 2024.
Historical pattern: Last 20 times this happened, the stock was up 2 months later with a median gain of 73%. Worst case? A 35% drawdown.
Past performance doesn't guarantee future results, but the setup is interesting for those watching technical patterns in small-cap space names.
Historical pattern: Last 20 times this happened, the stock was up 2 months later with a median gain of 73%. Worst case? A 35% drawdown.
Past performance doesn't guarantee future results, but the setup is interesting for those watching technical patterns in small-cap space names.
