Peter Smith
⬤ AST SpaceMobile (ASTS) shares rallied more than 10% in the latest session after finding solid footing at a critical technical level. The stock tested support at the 20-day simple moving average—a level that's been guiding the recent price trend—and bounced right back up, showing that buyers are still in control at that zone.
⬤ The daily chart shows ASTS trading around $116 after rebounding from the 20 SMA and climbing back toward the upper end of its upward channel. The recovery was swift, with strong bullish candles forming right after the dip. As price pushed higher, it also moved toward the upper Bollinger Band, a sign that momentum is picking up again after the brief pullback.
⬤ This bounce follows a longer run of gains for AST SpaceMobile, marked by higher lows and consistent closes above rising moving averages. The 20-day SMA has worked as reliable support throughout this trend, and the latest bounce only reinforced how important that level has become. After holding there, ASTS pushed higher again, keeping the broader uptrend intact.
⬤ The move shows how momentum stocks can respond quickly when key support levels hold firm. With ASTS now back in rally mode after the successful retest, traders are watching to see if the stock can keep building on this strength. The rebound puts AST SpaceMobile back on the radar as buyers continue defending the uptrend.
Peter Smith
