ATTB34 trade ideas
T LONG dividend playFirst Target $32
Second Target $40
No stop loss, long term play 10+ years
Not financial advice
AT&T new dip opportunity. As with many stocks, they paid out divedens; after which, many people sold their position. This resulted in a drop from 30 to 29, which admittedly is not very sizable.
I am watching closely to see a continuation in the down trend.
I have a buy order for call options:
20 calls at Limit order at .45 per option contract, expiring Jan 21st, 2022, strike price of $35.00
These have an abundance of open interest and volume, they are trading at .78 as of right now.
I may be willing to increase my limit price. I almost feel that if I were to stock up on them, even at the current price, im almost for sure going to be making a decent return the moment they are in the money.
And it is likely imo that I would be in the money sometime in the next year on that trade. It had almost reached $35 in June.
Earnings are coming up on Jan 28th, So I may wait till after earnings.
AT&T let's go Even though at & t's streaming service (HBO) is not yet a great success compared to netflix and disney. The company is currently heavily undervalued, as a result of which the dividend % has also been increased to 7%. The best thing about at & t is that it keeps its wireless and cable customers when they also can leave. Also the new eco system with which they connect new customers to multiple services is good for the growth.
Long | TNYSE:T
Possible Scenario: LONG
Evidence: Unusual option activity, price action
This is my idea and could be wrong 100%
cup and handle completed for $TInsanely bullish unusal call flow for next week
1/15 30c Open Interest: 83,727
1/15 31c Open Interest: 102,801
1/15 32c Open Interest: 157,683
1/15 33c Open Interest: 144,819
AT&T INCAT&T INC
This is the most important way to make the most of the people in the Middle East For strong buyers and their rising relative strength, I would recommend buying now Without fear and with all my satisfaction
God is the Lord of the Conciliation
AT&T - using Gann Time squaring PriceGann talked about squaring time and price. Basically you use the price of a major low, which in this case, the low of Oct 29, 2020 @ 26.35
So you count the number of calendar days by 26 days and you get the minor top of Nov 24. Gann says you would expect a turn on this date. Whether it's a big turn or small turn, is another topic. But this goes to show how powerful this technique is. You can repeat the count forward. Next count would be Nov 19 (saturday) so we would expect a low happening on Nov 18.
Good to go long .. since the main trend is up.
T MovesBased on what I see from the Daily, 1 hr, and 15 mins. T looks like it will consalidate at the levels its on. It broke my daily, 4hr, 1hr wedge, BUT it did violate my 1 hour support (red line). On all timeframes, the RSI isn't over bought. My one big concern is the EMA 9 has crossed below the 20 EMA on the daily and 4 hr. So far they have respected the current support. On the 1 hr and 15 mins, the 9EMA has barely got below the 20ema. They respect the current charted support. Based on the multiple candles hitting this support, I Believe it won't go much lower and continue to go sideways until some big news (HBO max Wonder Woman 2 on Christmas Day). I have learned learned my lesson trading the news, and based on what I charted plus the state of the world and what HBO can Bring (ATT owns them) we could see a push forward to the 32-33 range by 1/15.
T - EW analysis - sell and buy set upT - IT is in double zigzag (or within impulse cycle) up. Expecting correct down in 4th of C (or 3rd) wave around 30 level. It can be sell on bounce for c of 4th wave down thereafter buy that zone for target above 32.50 as the final 5th wave up.
Give thumbs up if you really like the trade idea.
T appears to be running for now Awesome price moments over a bit of time. Volume increasing with last trading volume driving the price up almost nu-opposed at this time.
The first black line is likely to be met and is where I am going to sell half my position. That will likely make the remainder of my position free.
I had been accumulating LEAP Call options for sometime now and they are running now.
AT&T Big Resistance AheadYellow lines direct us to a retracement level and heavy resistance at the gap down
Likely previous channel offers some support below after that
