High Volume Edge: ASTS +863% in 63 Days
Ameet Rai
Electrical Engineer and Swing Trader focused on achieving super-performance. Through extensive studies of previous super-performance stocks and proprietary data-based research I provide guidance for new traders with an emphasis on building processes and teaching traders how to think and trade for themselves.
Published: September 2, 2024
ASTS is a true Performance Booster in the markets. The stock started its real run when it gapped on the Highest Volume Ever, showcasing the High Volume Edge in the $7.5 area.
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This is a BIG tell in the markets as countless stocks in the past have done precisely this. The $7.5 whole number is a key level in the markets and should be studied. Every year I’ve caught a similar setup in the markets.
Key Characteristics:
1. Edge: High Volume
2. Entry Tactic: Whole Number
3. Closing Range: Good on Gap Up Day
5. Low Market Cap when it was near $7.5
6. Price respected Key Moving Averages (10 Day, 21 Day) while trending
7. Relative Strength Phase (outperformed the markets from $7.5 to $35)
If any of these concepts are foreign, check out the Ultimate Trading Guide to learn them.
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