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.
As you see this is the good things of planning trades. We never know what is GOING to happen in the market, we only know what has happened and we need to adjust and react to this. As you see instead of tightening the pattern became more loose and hence I have not entered this name. Lets see how it will continue to react.
A bullflag has formed on this hourly chart for ATAT This bullflag has clearly got a flag and a flag pole, all we are waiting for is the breakout A higher low double bottom gives rise to an attempt out of the flag channel
I really like the way ATAT is acting. Here is my note from this moring: $ATAT appeared to be one of the more promising opportunities at the beginning of the week. Although it experienced some decline on both March 8th and 9th, it managed to maintain a position above the critical lower limit of its base, represented by the red line on the chart. Compared to the...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62) The previous swing high is located at 20.90. There is no clear indication that the upward move is coming to an end. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance is located at 20.90 and should cap gains to this area. Expect trading to...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62) The previous swing high is located at 20.90. There is no clear indication that the upward move is coming to an end. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance is located at 20.90 and should cap gains to this area. Expect trading to...