- Looking at a longer term 1W chart here. Price has been ranging for the last 4 years. AT&T is approaching the top of it's range and historical resistance. The next major resistance level is at the 42.50 price level.
- Waiting 2-4 weeks to see what happens. Watching if price can break this range or if it will roll over. I think price is going to roll over...
AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however.
Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...
Friends
AT&T looks good for a short, anyone who's got me on snapchat has heard me excited about this stock all weekend. I think the short from here will be aggressive and merciless.
Best of luck
Tom
--For latest ideas, stock picks and opinions, please add me on my Snapchat: T_Killick
Breaking through this wedge could send AT&T's stock to about 38.50 in the short-term and about 42.50 in the long-term. The 50 day MA is in the process of crossing over the 100 day MA, which could be just what this stock needs to push the price through this wedge pattern. The last time this pattern was set up in mid 2010, the price jumped 15.68% from 25.50 to 29.50...
You should always write your trading plan in advance
Write down (as a minimum) the reasons for the trade, the confirmation signal you want to have, the stop loss and the targets
31.76 is the major support.
32.41 is the rising support
33.31 is the resistance
It's near the bottom of the trading range and has a 5% dividend.
Something to keep an eye on. 3/16
I don't involve myself in the stock market as much as I used to but every once in a while I like to look about and see what's going on. AT&T caught my attention on the technical side (which is my specialty) for a few reasons.
Big picture (weekly) we're in consolidation in a pattern that is very similar to a bullish flag. Working our way down to the lower...
After the resistance $T met with the 200 SMA line, is it time for it to rally and complete the bearish Bat pattern shown in the chart?
Possible bullish trading scenario with stops below 33.5$ and targets at 34.8$ and 35.8$
This is a combination of Wyckoff and price action. There are many names for this rally up to the upper channel line of the bearish channel, such as "Second Entry", "2 Leg Pullback", "Gartley", and of course "Redistribution". I think this shows an important aspect of trading. Even though there are many different methodologies regarding successful trading, at their...
Many traders have seen a rising band on the chart of AT&T since 2009, followed by consolidation since 2013, which looks like a pattern continuing the flag trend.
But in general, there is nothing interesting.
If we look at the weekly or monthly section of the chart, we will see a triangle, which rose up on the fifth classical wave. It is too early to think that...
Sorry for the typo in the title.
AT&T has been forming divergences for quite some time and I believe it is ready to fall. Double class A bearish divergence on the MACD lines, double divergence on the MACD histogram, Class A bearish divergence on the 13 day FI and class B bearish divergence on the 2 day FI. All happening at a very important resistance area, after...
