T is within a large Weekly up channel and a smaller down channel on this daily chart.
I expect a strong reversal when the bottom of the up channel is tested. Continuation of the down channel on daily is expected until bottom is reached.
AT&T has missed the entire communication's Bull Run and needs to catch up or at least rebalance higher. It's feeding off of the rotation into value and small cap stocks. It can start to break out fast without a retest if volume keeps rising.
AT&T
A high option orderflow drew my attention to this stock.
One of the biggest and oldest companies in the communication services sector. At the moment on a multi year low.
I guess they will make it. And this price looks really inviting for a long.
Paying 1.11 dividend.
My anticipated technical target for the next 6-12 month is $17-18.
I'll take a shot.
Key Points
(+) AT&T continues to enjoy strong customer growth in a highly competitive market.
(+) Its revenue increased year over year in the first quarter, but free cash flow fell.
(+) Despite this, AT&T expects to hit its 2023 free-cash-flow target of $16 billion.
(-) Amazon Might Offer Mobile Service
We expect the price to hit the support levels and correct itself by going back up to the prior resistances levels.
We enter long at the support level
Entree at 14.49
Stop-loss at 14.10
Taking profit at 17
It looks like AT&T is about to break support. Debt and old business ideas may be holding it back. Locally we just got high-speed fiber from T, so maybe it will turn around.
ATT
BUY
SL 16.40
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's third largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S.
The PEAD projected a bearish outlook for NYSE:T after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 71.43%.
AMEX:SPY - opening up exactly at PD open, which is sort of strange. This whole week we have opened lower, trended higher, and then finished lower. This could mean there is a trend change today. However, Until the weekly downward trend is broken, I will assume we will continue it.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000...
Not financial advice.
A possible inverse head & shoulders.
right shoulder in the making, gap on the green area it aligns with left shoulder.
#like and #subscribe
Thanks!
Alex.
If you haven`t sold T AT&T here:
Then analyzing the options chain of T AT&T prior to the earnings report this week, I would consider purchasing
Calls with a 20usd strike price and an expiration date of 2023-4-21, for a premium of approximately $0.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am...
falling cycle -24.24% more than 10 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
On the hourly chart, the trend started on March 17 (linear regression channel).
There is a high probability of profit. Possible take profit level is 20.47
But do not forget about the SL = 18.01
Good luck!
Regards, WeBelieveInTrading
AT&T stock has proven time and time again with jumps and false breakouts of implied volatility yet, posting a beta of about .67 and lots of upside potential it seems to be a valid time to purchase. Using the dividend discount model I was able to conclude that the cost of equity (COE) rounds out to be about 7.88% and a fair share cost price of $35.22 with an upside...
The PEAD projected a Bullish outlook for $T after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
This investment thesis is very simple. The recent market declines have pushed many stocks to attractive price levels. The three mega-cap companies AT&T, Visa, and Meta (previously known as Facebook) were hit especially hard by the declines, and are now trading in areas with strong support. Since all these stocks have strong moats, and significant margins of safety...
