Saad Ullah
⬤ AST SpaceMobile is going through another significant pullback, but it's playing out within the same bullish framework that's been in place throughout 2024. The two-week chart tells a pretty clear story: this stock has a track record of dropping hard before bouncing back even stronger.
⬤ Looking at the bigger picture, ASTS spent most of 2022 and 2023 just grinding sideways in a long consolidation phase. Then 2024 hit, and everything changed. The breakout was decisive, and since then, the pattern has been remarkably consistent—rally, pull back sharply, then rally again. The current decline looks a lot like those earlier retracements rather than something more concerning.
⬤ What stands out is how deep these corrections have been, yet they've never stuck. Each time the stock dipped, it eventually recovered and pushed to new highs. Those pullbacks weren't the beginning of the end—they were more like momentum resets that cleared the way for the next move up.
⬤ The repeating nature of this behavior suggests the market still views ASTS through a bullish lens. Pullbacks aren't being treated as warnings—they're being absorbed as natural pauses in an ongoing uptrend. As long as that pattern holds, dips might continue acting as launchpads rather than exits.
Saad Ullah
