Monster Weekly Breakout?

6 Şub

ASTS is forming a bullish pennant on the weekly chart, characterized by a pullback on declining volume after a strong impulse move. The stock recently made a high near $25 and is consolidating in a tightening range, indicating a potential continuation pattern. The declining volume during this pullback suggests sellers are weakening, while buyers are likely waiting for a breakout confirmation.

Trade Plan:
• Entry Trigger: A weekly close above $25 will confirm the breakout from the pennant and signal bullish continuation.
• Price Target: First target at $30, aligning with the measured move projection from the initial leg of the rally.
• Stop Loss: Below $23, to protect against a failed breakout and trend reversal.

6 Şub

İşlem aktif

10 Şub

İşlem kapandı: hedefe ulaştı

150% on options so far with over 2 months to expiration

13 Şub

Not

Trimmed some more