ASTS Forecast: Buyers Look To Buy Between $87.04 - $69.44 Area

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AST SpaceMobile, Inc., (ASTS) together with its subsidiaries designs & develops the constellation of BlueBird Satellites in the United States. The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use & other applications for government use. It comes under Technology sector & trades as “ASTS” at Nasdaq.

ASTS favors bullish sequence in weekly started from 4.02.2024 low. It ended (I) at $129.89 high (1.30.2026) & (II) at $63.13 low (5.05.2026). The buyers are looking for pullback into Blue box area for another long set up against May-2026 low.

It made all time low of $1.97 in April-2024 low. Above there, it ended I of (I) at $39.08 high, II at $17.50 low, III at $102.79 high, IV at $49.31 low & V at $129.89 high. Within III, it ended ((1)) at $33.55 high, ((2)) as flat at $18.22 low, ((3)) at $60.95 high, ((4)) at $36.08 low & ((5)) at $102.79 high. Within V, it ended ((1)) at $85.45 high, ((2)) at $61.40 low, ((3)) at $120.80 high, ((4)) at $96.93 low & ((5)) at $129.89 high. Below (I) high, it ended w at $77.17 low, x at $104.15 high as flat & y at $63.13 low in (II) double correction.


ASTS - Elliott Wave Latest Daily View: ASTS Forecast: Buyers Look To Buy Between $87.04 - $69.44 Area

Above (II) low, it ended ((1)) of I of (III) at $133.80 high & favors ((2)) correction against 5.05.2026 low. It ended (1) of ((1)) at $75 high, (2) at $64.91 low, (3) at $131.20 high, (4) at $121.05 low & (5) at $133.80 high. Below ((1)) peak, it proposed ended (A) at $105.37 low & (B) at $115.50 high. As long as the bounce fail below $115.50 high, it expects (C) to extend toward $87.04 - $69.44 area to end ((2)) correction. Buyers can enter that area for next leg higher.


ASTS - Elliott Wave Latest 2-hour View: ASTS Forecast: Buyers Look To Buy Between $87.04 - $69.44 Area

There are few possible alternates in ((2)) correction. (1) If it makes a minor low and bounce later to break above $108.75 high. Then it can be (B) bounce, while low will be (A). In that case, it can see another push lower later in (C) to end ((2)). (2) If it breaks above $115.50 high without further extension lower, then it can be truncated in (C) & continue higher in ((3)), which confirms above $133.80 high to rule out double correction.

Source: https://elliottwave-forecast.c...

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