To The Moon

$AST SpaceMobile, Inc.(ASTS)$

📉 Long-Term Strategy

ASTS is currently in a Bearish trend zone, suggesting a Sell and Observe strategy:

• Downtrend: Predominantly downward, with intermittent upward fluctuations.

• Rebound Trend: Short-term, temporary recoveries in an otherwise downward flow.

• Strategy: Given persistent selling pressure, a continued downtrend is likely, with minimal rebound potential. Avoiding purchases in this zone mitigates risk. Inverse investment opportunities may be worth exploring to capitalize on the current trend.

• Position Details:

  • Selling Price: 25.1 (Oct 24, 2024)

  • Current Price: 24.8

  • Difference: -0.3 (-1.2% decline in 12 days)

📉 Short-Term Strategy

In the short term, ASTS is experiencing a rebound trend within the bearish zone, marked by temporary upward moves amidst a downward trend:

• Sell: Optimal timing to exit between Nov 12–13 at a target price of 26.5.

• Buy: Consider re-entering around Nov 19–20 at a target of 19.9.

🌐 Market Correlation

ASTS has a 66% correlation with the US Stock Market Average Index, but trends are likely to deviate in moments of strong market movement, with a 34% chance of inversely aligning with the overall market’s direction.

• Volatility of Prediction: High due to recent fluctuations in buying interest.

• Trend Reversal Probability: Potential reversal in approximately 3–9 days.

🔍 Expected Trend Movement & Intensity

• 10-Day Price Range: 20.6 – 25.8

  • Median Price: 23.2, indicating a potential decline of -6.4%

• Expected Trend Zone for the Next 10 Days:

  • Zone: Bearish

  • Level: Likely to adjust to around -69%

  • Upward Intensity: Moderate, at 33%

  • Downward Intensity: Strong, at -76%

💡 Summary

ASTS is anticipated to maintain its bearish trend over the next 10 days, with limited potential for upward movement. Short-term gains may be possible by selling at a higher price during the current rebound phase, with buying opportunities potentially emerging in late November. For long-term investors, maintaining a wait-and-see approach aligns well with ASTS’s current bearish outlook.