AT&T is not something we see in the finance news that often nor has the sexiness of the Silicon Valley names, but, since July of 2023, this company has been on a tier. Seem like the new CEO knows what he's doing and combined with missteps from the competitors, T has seen a 100% move up from the bottom. At the moment a bounce is most likely incoming along with the general markets. But after that I would expect another leg down to 0.764 fib level or a bit lower to confirm support and then move up from there. At some point this stock could be one of the best defensive names if overall economy slides into a recession.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.