AT&T showing signs of bottiming outLooks like there may be another day or two to fill the gap but it is showing signs of bottoming out. Looking at reversal soon. I am long at this time, (this is a long trade with a time period of 1 year)
TCL trade ideas
AT&T break!About to break - up or down?
The thing about AT&T is that the technical analysis alone doesn't paint the full picture. AT&T is on the fed's balance sheet. It cannot lose, so basically it's just on sale right now, and a perfect opportunity to buy. I'm predicting a breakout. Afterall, if it breaks down, it gets propped up. There's never been a time like this - the normal rules don't apply.
AT&T Moving south in the near future?AT&T looks to be fighting trending resistance, and is further being pressured out of its horizontal channel, falling out of the 28.92/30.04 price range. A light friday candle, arguably a doji, will not hold up this slight move in price northward. Good volume, however, and RSI Indicator suggesting a possible reversal off the 28.92 support. The question - Will it hold?
The current trend says no - 8 EMA is now acting as resistance as well, and the last several weeks are pushing it south. Put/call volume ratio is 1.43, with put volume exceeding call volume. What's hard to tell, imo, is this - is this hedging volume, straddle/strangle strategies?
I do believe, as in the recent past, this opens/pushes bull initially then falls bear. My top 2 strategies;
$T (29.00) 28 P 09/18 0.08
Strategy #1 - Limit/market buy 0.08
OR
$T (29.00) 28.50 P 09/18 0.15
Strategy #2 - LIMIT Buy @ 0.08, thinking
this will open and run north to 29.26,
dropping premium to my limit buy 0.08
Strategy #2 fulfills 3 things - a great discount toward a put buy, a better put strike position, being 0.50 closer to underlying price and better delta!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
T giving you chance to accumulate here.Will start buying here in the low 29's and add in the low 28's
Trade 6: $T Calls30 - $0.16 T $30.50 calls for 8/21
Rules:
1. No earnings plays (post earnings )
2. No increasing/averaging down, use a stop loss of 20-30%
3. Charting based on triangles/ wedges and SMAs (sitting on all the SMAs , rising RSI , MACD ready to make a move)
4. At the money/near the money (check)
5. Risk/reward 1/3 or greater (next week cheap calls, but stock doesn't move much, need a quick 2-3% move in the next few trading days)
6. Buy 45 days out approx. (the way I trade, I may need to scrap this and work on timing of the purchase of the contract)
7. After the first week, get out and reassess if it still hits all these criteria (will update likely to a few days based on my trading habits, we'll see)
Trade 1: BA call $250 to $480 ($130 net)
Trade 2: ARMK call $435 to 435 ($0 net - still $480 principal)
Trade 3: MGM call $435 to $315 ( -$120 - $360 principal)
Trade 4: WFC call $354 to $255 ( -$99 -$261 principal)
Trade 5: GOOS call $85 to $280 ($195 - $541 principal)
Trade 6: T calls $480 to ....
Bought too early in the day, poor price compared to what I could buy now, but GOOS turned around next day maybe this will as well
Let's hope this holds Now that I jumped into AT&T too fast, let's see if this have hold a 1hr trendline and jump back push back through the $30's,,,
AT&T INCNYSE:T
Hey, traders.
It's been a long time since we've talked last time, right?
Well, the specifics of the last weeks of my life have changed dramatically.
I try to look for really strong models in order to avoid short-term trading inside the day and to free up time for obtaining a hedge fund manager license. I apologize in advance for not putting out so many trading ideas as I used to.
So, an interesting picture is emerging from AT&T.
What's on the chart:
1. The level formed by the stop of the strong decline on March 12.
2. The level is confirmed on March 16, as well as many touches and false breakouts.
3. Separately, I would like to note that on March 26, we received the upper retracement point for the downtrend, which once again proves that there is a strong short player.
4. However, now we are clearly observing the consolidation under the level.
Many traders studying the candlestick analysis patterns call the formed model a "triangle".
Personally, I don't like patterns and I don't even try to remember them, it's much more convenient to understand the logic of the market, but now it's not about that.
5. As you understand, it is not easy to break through such a model from the first time. I'm waiting for a pressure under the level.
6. The right signal that a long player will soon start his attack on the resistance level is "sticking" bars to the level.
Lets take a look at the general market sentiment .
The summary board of options on this paper with expiry date 2020-08-14 shows the relative parity of buyers and sellers: Put/Call Open Interest Ratio: 1.04 - it means there are more sellers than buyers.
Now see the options summary board with the following expiry dates:
2020-09-11: 0.43- The mood is changing. There are more customers.
2020-09-18: 0.87
I am fully satisfied with these option rates. This means that my idea for this paper now coincides with the general market sentiment in the relatively near-term foreseeable future.
Important: Just before the deal itself, as you understand, I will be looking at the chart . In my trading strategy, the chart has the highest priority. I trade only what I see with my own eyes. The relative performance of the composite option boards is just an additional benchmark.
My strategy is to enter:
Waiting for a squeeze under the level, then waiting for a breakout and fixation.
I enter only after retest of the level to avoid getting extra SL, thus reducing the risks.
Output in parts, on the marks: 33 and 36.47
AT&T Long For Week of 8.9T looking good for this week and maybe next week as well.
Chart looking to turn bullish.
Entering with an hourly close above 30.15; stop out at 29.25.
Targets:
Target 1: 30.75
Target 2: 31.50
Target 3: 32.00
Target 4(Extreme 1): 32.50
Target 4(Extreme 2): 33.00
Best of Luck,
--d0x
30% pullback looking likelyWe seem to be breaking out of a bearflag here target at 21 dollars near the bottom of the trading range.
AT&T price corridor collided with 100 SMA, rejected + bounce offHello Traders!
The 100 SMA has historically been a reliable support/resistance for the price of AT&T and if it hasn't already happened, it certainly looks like it will be rejected by it and bounce back down again. The MACD looks rather undecided but has just crossed under the 9 EMA. The RSI is relatively centered and far away from oversold. The sell signal is the price leaving its short-term corridor and with the 100 SMA rejecting the price once again, we can expect enough bearish momentum to build up for the price to fall to the 27.89 resistance. Whether the bearish momentum will be enough to break through this resistance and reach the second goal at 26.70 is too early to tell now.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Great companyPossible breakout
not enough buyers to push to top of channel recently
rejected 9ema
broke 20sma
looking to get in at 28-28.5 range for long set up
AT&T is perhaps one of very few smart medium term buysShow Me the Money! 24 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
AT&T (T) beat estimates by 4 cents a share, with quarterly earnings of 83 cents per share. Revenue was in line with forecasts. The company said the COVID-19 pandemic impacted results across all its businesses. Thus, WarnerMedia revenue fell 23% to $6.8 billion as the pandemic shut down film production and movie theaters. Group revenue was down 9% YoY to $41 billion, roughly in line with the $41.1 billion consensus. In contrast, AT&T’s HBO Max boasted by around 36 million active customers (including legacy HBO subscribers), picking up 3 million in the quarter. Cash from operations was $12.1 billion with free cash flow of healthy $7.6 billion. Total dividend payout ratio remains slightly below 50%.
Nevertheless, we must not forget about this telecom’s two extremely important properties: number one, it is the value high dividend stocks. And number two, it is classic defensive countercyclical stock. Given increasing odds of exacerbating recession and noting almost ridiculously cheap valuations at P/E of less than 15, dividend yield of 7% and price-to-cash-flow of just 8 (yes, this is a single-digit number, eight), at the current price level AT&T is perhaps one of very few smart medium term buys.
