So last night I said that AT&T was going to rally to 32.45. It was looking good with gains and natural consolidation, but it looks like it wigged out finally. it got near the 32.45 marker and then dropped to open at 31.78. We are inside my pitchfork again (unfortunately), but with the patterns we've been seeing we will most likely see a bounce back up sooner or...
After correctly calling the patterns to turn out as a loss a few days ago (my arrows in purple), I am seeing more of the same. Tomorrow they will most likely hit (or come close to) my 57.49 support line. This has already been a solid support so what we need to see is a strong bounce. Look for signals at 6:30 to 11:00 AM PST tomorrow as to what it is doing. If it...
AT&T is looking solid for a rally within 6:30 - 9:15 AM (PST) tomorrow. Showing signs of major bull signals so watch for 32.45 to become a solid support after the rally.
As predicted in my last Delta post, we had major gains today. But alas, it is looking slightly bearish as of this post. If we close below the bottom of the fan/resistance line we will be looking for a possible dump.
When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15...
AT&T (T) has finally broken the 32.00 resistance as I predicted. It has now closed around 32.06 at April 4, 16:00. This means that the horizontal resistance that was 32.00 is now becoming a support.
More to come later.
On EVERY analysis I've done Lam Research is only going to go up. 2019 is going to end up being a great year for Lam. The only way it will drop past my support is if something truly catastrophic occurs (which I doubt). A supplement to this gain is the fact that Taiwan Semiconductor (NYSE: TSM) has signaled vastly improved smartphone strength. Overall, watch the...
Blue: Horizontal Resistance
Light Blue: Trend Line Resistance
Yellow: Support(s)
From my analysis of "T", I have found that it will be good for a long strategy. If at April Nineteenth It breaks the resistance and/or support and goes either way, It will hit either my first support (in purple). From my analysis on a grander...
