$ASTS August Setup Is Getting Interesting
$ASTS continues to hold strong support around the 0.618 Fibonacci retracement and the anchored VWAP from the 2024 lows near the $52 area.
As expected, the stock has shifted into a sideways consolidation phase, which could indicate accumulation before the next major move.
This week’s first $SPCX share unlock could become an important catalyst. Some investors positioned long SpaceX exposure while shorting ASTS may start adjusting those positions.
With earnings next week, a potential launch event tomorrow, and the upcoming business update call on Monday, multiple catalysts are lining up.
Watching $ASTS closely. August could become a major month for momentum.
