Idea Stream for AT&T
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.