Quick Technical Analysis Update On AST SpaceMobile Inc Stock ($ASTS) After A Big Run Up Today!! 📈💸

all right everybody Stocks by the Numbers welcome back quick Tech analysis update here on as space mobile Ticker symol ests on the NASDAQ stock ran up today as you see closed up a little over three points up at 2983 up about 11 and A3 per down handful of sents after hours here 13 cents but I just want to show you a couple of things here first of all I was laying out the overall potential trumpet that the stock may stay in and I was also pointing out kind of a tighter Channel where we could have potentially rejected off of today and dropped down and kind of stayed in this potential wedge before gearing up and breaking out maybe over the next week or two but as we see the stock ran up today again up three points over 11% on the day and let's look at how it started coming right out of the gate because this was just beautiful and as you see we opened and we had some undecided candles here coming right out of the gate these first two right here you can see bottom of the screen 9:30 9:31 a.m. so right at Market open we had a slight pop up but then we were just kind of hanging out undecided boom stock decides to break gets below the 20-day moving average let me zoom in so you can see it better right here Boom Big Break below the 20-day moving average spikes back up but then Rejects and closes below the 20-day moving average slowly ticking upward finally the next candle closes above the 20-day and then boom that signals big bullish momentum not only does the stock bounce healthily off of this 20-day moving average but it also spikes up and closes above our top trend line of the quote unquote potential wedge that we were watching so we popped up above that trend line then you can see it basically drop down right here just a couple of cents away from the trend line kind of to potentially retest but the momentum stayed and then the stock just continued to step onward and upward and obviously ran to almost $31 a share I believe we were looking at the daily mid Binger band level I believe 3068 I said in my opinion if the stock breaks up you can see that level if the stock broke down we were talking about uh I think like potentially the mid 20s and like maybe into the 24 range but obviously stock decided to bounce upward right and when we looked at it again if we back up like I said we're in this big trumpet here these top and bottom lines but I also Drew this line across that's why I was looking to see like was this just a flash breakout on this day because then the stock dropped back into this range so that's why I was expecting maybe potentially a rejection here and then we were just going to channel there but the stock jumps up and you know little uh Tech analysis quiz for you because I know a lot of you are still trying to learn or you're trying to better yourselves on chart reading and Tech analysis or some people in general are just trying to absorb as much knowledge as they can before they actually pull the trigger and start investing with their own money so if you're uh you know in the learning phase right here we had the big spike up and then we have this slight consolidation taking place here so let us know down in the comments section what pattern you believe that looks like but in my opinion I am expecting a breakup potentially could go as high as 33 and A2 as you see right around this top trend line at the trumpet but even to the bottom of this previous uh spike out before we gap down you can see the low was 3288 so that's why in my opinion we could potentially Spike up you can see like another 78 10% day uh Monday and I wanted to switch over to stock charts real quick before I let you go the RSI was basically middle of the road it was like 50 51 now we spiked up it's only at uh 55.73 right now so in my opinion definitely still some room to grow we were looking at the Pivot Point here 2841 stock obviously closed up here at almost 30 so we closed above that that Pivot Point technically signaling that we're still bullish with also this potential pattern setting up for us as well so that's why I'm saying in my opinion we could pop up and run to the uh 32s potentially 33s but next resistance level on The Daily here 3971 which of course would technically be a new 52- we High so we have to wait and see how much momentum this stock actually still has and also more importantly if it really has the momentum to break up and out of this trumpet that it's currently in but we also spoke about the macd potentially flattening out and starting to curl you can see it now looks that way with this big pop today so now we'll see if we're going to continue upward or if we're going to you know sell off and start breaking down but in my opinion uh it does still seem bullish to me let's switch over weekly real quick see if we see anything no not really but we do have now our 50-day and our 200 day kind of meeting up together right there 835 and 838 so this is why I said when a stock you know slow usually when a company slowly you know grows over time you see the Rises of the moving average in this case you had a stock that was consistently kind of just channeling downward and percolating and then we had the big breakout but that started miday now we're in midt so time flies when you're having fun but you can see that's already been four months that the stock not only ran extremely high but is now Staying High right so now you have the 200 day slowly curling and heading upward but the 50-day that was consistently dropping with the stock for over you know two years two and a half years has now instantly reversed just over the last couple of months and it's gone from about four now it's above eight so the 50-day moving average just over the last couple of uh months is up roughly 100 plus% which again as I always say technically is a good sign because as these moving averages come up even if the stock slowly pulls back and starts to break it's going to use those now higher moving averages as potential future support levels which of course is a good thing but stock obviously ran up big and we're nowhere near this 971 but I wanted to look as well what was this level that we looked at yeah see like 3190 like 3196 and that would be like here which yeah as you can see is basically right at these bounces right look at the low here after we had the big spike up coming out of the earnings and then we had the the retest pullback here going below the 20day before it bounced you can see look at the low here again top left of the screen the O the H the L Toc that's the open the high the low the close you can see low 3191 low 3202 right and that basically meets up as well with not only the about the top of the bodies of these candles but also the top of this candle as well you can see look at the high here 3205 that's actually a close to 3163 so a little bit lower there but this candle close 3210 close 3198 right open 3208 so that's going to be probably the next level in my opinion that the stock is going to run to which obviously was a previous uh pivot point and in my opinion based off of the momentum it could again want to want to break through even that resistance level and pop right up into the 33s and try to retest the trumpet so we have to wait and see how bullish this pattern actually is again for all of you learning I'm not going to say what I think it is but let us know in the comments section what this looks like to you today boom with the big spike up and now the stock trending downward like that but that's pretty much it so I just wanted to give an update because I know you guys are you know you're watching it and you've been hyped about it and we also looked at some of the technicals again and we were looking at a potential break of like 10 12% either to the upside or to the downside and we were kind of in weit and C mode to see what the stock wanted to do so here's your update and obviously it decided to break upward over 11% today so happy for all you shareholders of course I know you love to see it but that's pretty much it so I'll end it there once again soop by the numbers I want to thank you guys for stopping by if you have any questions comments or concerns drop it down in the comment section I'm usually very quick to reply thumbs up algorithm right that helps me get more eyes on the channel but of course subscribe to the channel That is our handshake agreement that is how you help me help you but more importantly moving forward like I always say I understand that markets are rocky they're volatile and they're very uncertain so I want to wish all of you success hope everyone makes a couple of dollars thanks for your time enjoy your weekend