Anticipating a possible move up in AT&T (T) to 44.50 mirror projection based on preceding milestones and 4th wave lows.
Or the Rally is over and look out below for targets below 31.
There is a pretty clear EW set of outcomes for this situation from process of elimination.
Either I've counted wrong or there's one more leg up.
Pros:
Clear preceding Impulse pattern...
Hay una tendencia alcista desde hace unas semanas, esto apoyando con un analisis de medias mobiles y MACD me lleva a tomar una posicion larga en AT&T. A pesar de eso hay que ser conservador ya que el mismo MACD muestra que la tendencia lentamente se va revirtiendo pero todavia se puede obtener un rendimiento al alza.
Ranges are probably the easiest to trade, you have a ceiling and a floor all you have to do is go long or short around them. Oscillators can be a big help, take for example the Force Index, which when it got out of its bands, it predicted with high accuracy a move in the opposite direction.
I outlined two trades on the chart, along with my explanations.
On the...
two days after HAS confirmation, but the price is still around entry point, there is quite limited space for decline, two weekly supports around 36-37!
AT&T seems to be in consolidation since mid 2012.
The recent 2 month rally broke the downward triangle upper bound. it may move down to retest the upper bound first before another rally. Anyway, current spot price of $38 is still a good price to buy since the dividend yield is a decent 5%!
A good retirement stock.
