The Sell signal picks up pace again
AST SpaceMobile drops 21.2% as sellers tighten their grip
The Sell signal picks up pace again
Our view last week
AST SpaceMobile's Sell signal has teeth again. After last week's 19.1% bounce, which looked like it was taking steam out of the decline, the stock dropped 13.9% this week, with 88% of trading volume on the sell side. Sellers retook control, rejected hard at the 50-week average, in the 75 area. The short, live for five weeks, stays above 11% in profit.
This week's summary
AST SpaceMobile's Sell signal picked up pace again: this week the stock dropped 21.2%, with 77% of volume on the sell side, after last week's -13.9%. The price stays boxed between the daily pivot average, in the 58 area, and the lower Bollinger Band, in the 56 area: a tight corridor sellers keep controlling. The short is now near 30% profit.
IQS Phase
77
in tension
Signal Strength
99
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#17 / 140
US stocks
Trade P&L %
+29.86%
from signal to today
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