September 23, 2024: ASTS (AST SpaceMobile Inc) offering a very high reward, low risk entry

Several of the recent setups have worked out which indicates it may be reasonable to get more aggressive with new buys. Here is one stock I have been following over the last few weeks and now offering a good entry point for a trade.

Stop loss: Weekly close below 25.3$

Next target: 37-40$

Weekly chart: ASTS had a great year so far and after a rapid run up, consolidated over the last few weeks and now testing 10-week moving average. This stock had a very high institutional interest this year which is evident by the accumulation that's happening.