Verified Investing on $ASTS (Nov 4, 2026)
ASTS is intriguing as a trade: technicals align at a descending trend line and major pivot around 38 to 36, and it could benefit if a Democrat-controlled House and Senate make Elon's companies less favored, potentially sending government contracts to other space companies.
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Now, my trade of the day real quick here, guys. Take a look. This is ASO uh Space Mobile. Now, you might say, "Well, why this stock?" Well, the thought process here, and this is what a good investor and trader does.
They always piggyback off something else. In other words, you see what's happening and then you go three steps ahead.
And what I'm doing here is I'm saying, okay, so Elon with the elections put a lot of money behind the Republicans. Maybe all of a sudden all those government contracts that potentially were being priced in to Tesla or to SpaceX don't come through.
They might be looking and get some to go to other space companies.
And so you have a chart here that the technicals align, descending trend line, major pivot point right here at 38 to 36. For me, this becomes very intriguing in a Democrat House and Senate kind of controlled entity uh especially going forward if Elon's companies are not favored as much.
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