Saad Ullah
⬤ AST SpaceMobile (ASTS) is moving sideways after dropping below its 20-period moving average. The stock is wedging between the conversion line (blue) and the base line (red), forming a technical back-test rather than making any clear directional move.
⬤ ASTS is trading around $103.50 while price action compresses inside a tightening range. Instead of trending, the candles are stuck between resistance at the conversion line and support at the base line—classic consolidation behavior after losing a short-term trend indicator.
⬤ The conversion line is acting as overhead resistance while the base line holds as support. A confirmed breakout is needed to set direction. The potential upside scenario toward $140+ only kicks in if price breaks above the wedge.
⬤ Right now, ASTS is in transition—shifting from trend movement to compression. The next breakout will decide whether momentum resumes upward or the range keeps developing.
Saad Ullah
