Don't fight the $ASTS rocket. Double digits are back

It dropped all the way from $133 down to around $65, and just as the bears were celebrating, ASTS today suddenly reversed with a nearly 20% massive green candle. The catalyst behind this aggressive rebound is very solid Satellite rollout officially confirmed The company announced that next generation BlueBird 8, 9, and 10 satellites are now fully operational. August pipeline catalysts: BlueBird 11–13 are scheduled for launch in August this year, and peak space based broadband speeds are expected to double. Commercial expansion overseas apanese telecom giant Rakuten has officially formed a joint venture with the company and is directly purchasing satellites to compete head to head with Elon Musk’s Starlink. Although the company previously missed Q1 revenue expectations and was heavily pressured by Wall Street, management is still holding firm to its full-year revenue guidance of $150M–$200M, with $1.2B in contracted commitments already in place. As institutions aggressively accumulated shares around the $70 level, it is clear that major capital is positioning for the long term in this “space based broadband infrastructure” leader. What do you think? Is this rebound just giving trapped holders an exit opportunity, or is it the start of a new run toward fresh triple digit highs?