Friends, today might be the last drop, a classic A-share slaughter! 89 is a strong support level, being both the 30 and 60-day moving average support and the 10 and 20-week moving average support. It's unlikely that the main players will let it break below. After the A-share slaughter ends, all it takes is one piece of positive news as a catalyst, and the stock price will rebound sharply. When exactly? It might be that time point we've discussed the most, or maybe after this wave of short calls explodes!
$AST SpaceMobile(ASTS.US) Be prepared for the short-term range between 85 and 88. The ones that explode are short calls, and it will bounce back after the sell-off!
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