Descending broadening wedgeQuite high possibility of reversal IMO, not quite sure about power of the upward move
4T trade ideas
AT&TAT&T (T) at resistance level in the formed channel.
Strong support at $27, needs to break resistance and next target would be $28.75.
Notice the gap that didnt close at $31.22.
Volume is steady and not too bad RSI.
T is way oversold, Long!I believe a lot of dividend investors have sold off T because of the dividend cut next year when Warner media is sold off to Discovery.
With offloading ton of debt to the newcomp. and still very strong dividend and massive free cash flows T stock is BUY!
As a bonus you get the newcomp. with massive growth potential with HBO max still only operating in USA, HBO Max will launch in six countries in Europe in October .
I see HBO Max having much much more growth potential then Netflix or even Disney+ as they are just now going global and people forget Game of Thrones was by far the biggest TV show with whole world watching every episode the moment it was released and with the new GOT spin off series coming in years to come i see HBO Max getting ton of new subs.
Just looking at financials you can clearly see T will have better balance sheet then Verizon after the split and on top of that you get 71% of the newcomp.
At&T Not Picking up Steam TNot clearly pivoting, running out of momentum and fractally bearish. If you think you can see a pivot, tell me, and I will tell you why you are wrong.
Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.
$T - Weekly chartAT&T weekly chart reaching near its supporting trendline. Decent risk/reward with a stop depending how how much volatility you can withstand. Also nice that the dividend is over 7.5%
AT&T triangle formation Ride the wave back up
AT&T businesses merge for the entertainment industry is about to push the stock price back up.
At&T Shovel Ready Project from 3.5 T$, Long with 7% DivCould be breaking out this year, first gap needs to close. Call"s are cheap right now ;-)
$T with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $T after a Positive over reaction following its earnings release placing the stock in drift B
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AtntI like Atnt even though their annuals financials are shaky. I love the acquisition of DISCA which will take effect next year. Atnt is at or near a strong support and I like the variety of things Atnt is involved with. I feel that they are making noise behind the curtain and is also claimed to be popularly known as a defensive stock. Stochastic is at support on the Daily and the 1 hour time frame matching the green of the Mac D. Previous was broken so I set a fibonacci tool to retrace up to 61% of the previous in case I want to take profit on some shares.
What do you think?
$T - Pre ER runCurrently at buy zone, pre ER run , so many gaps to fill upside, looks good for swings, find my target and stop loss prices on chart
AT&T US STOCK PRICE ANALYSIS BASED ON SUPPLY & DEMAND IMBALANCESPRICE IS CURRENTLY TESTING A FRESH DEMAND ZONE ON THE MONTHLY TIMEFRAME OF AT&T STOCK, WITH THE MONTHLY TREND UP,
THE WEEKLY TIMEFRAME ALSO SHOWS A UPTREND MARKET, AND A TESTED DEMAND ZONE NESTED WITHIN THE MONTHLY DEMAND ZONE IS IN CONTROL
THE DAILY TIMEFTRAME ON THE OTHER HAND SHOWS IT IS OUT OF ALLIGNMENT AS IT IS IN A DOWNTREND, DEMAND ZONE ON THE DAILY IS BEEN TESTED ONCE, AND IS BEING TESTED A SECOND TIME.
HIGHEST PROBABILITY TRADE IS TO GO LONG ON THE DAILY TIMEFRAME ON CONFIRMATION AS THE MONTHLY DEMAND ZONE IS IN CONTROL AND STILL FRESH.
AT&T-keep buying the dip? This is my first time on here and just wanted to test out some ideas!
AT&T has fallen greatly from its norm, I have often traded this stock due to its quick recovery anytime the price goes down $29. However this time l feel that it would possibly keep dropping to $26 if it doesn’t bounce back to $29-$30.
Even if nothing new is being pumped out into the public, they are still very well established as a company.
What are your thoughts?
ATT - Value PlayATT another boring and very slow moving stock. Forward PE ratio just under 10. You could argue this is anti inflation, anti recession, value rotation type of play. And it offers a dividend. This should be added for a long term hold to the part of your portfolio that you do not trade. Pairing it with BABA, GILD, PFE, WBA, VTRS, AHT, BKD, VEON and so on is a great way to build out a core portfolio without having a huge downside risk. Longterm these value stocks will outperform imo. To make it juicier, selling puts against them should generate more income.
A few other reasons to get excited about it:
- Insiders are buying at these levels. In May CEO, CFO and one of the directors bought a combined of 150,000 shares ~ $4,350,000.
- 200 million customers
- 5G play
- Recently awarded contract upgrade the data network at the Veteran Affairs worth $735 million
Not financial advice.
T AT&T I wasnt interested in, until it did this...I wanted to put a chart that you could track this with to go with the video.. SO here it is.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
T AT&T I wasn't interested in...until it did this!I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
