Long | TNYSE:T
Possible Scenario: LONG
Evidence: Unusual option activity, price action
This is my idea and could be wrong 100%
SOBA trade ideas
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
AT&T Long for the futureAT&T Touched the support line, event that last occured in 2003 and 2009. Buy now and hold for retirement, no stop loss required.
$T | AT&T Large Monthly Pennant & 4HR Inverse Head and Shoulders$T is trading within a massive bullish pennant on the monthly chart.
Price recently found support at the bottom of the pennant structure & also at the horizontal demand zone.
On the 4 hour chart volume has increased and price is breaking out of an inverse head and shoulders pattern.
Potential Catalysts:
- Dividends Early January (>7% annual yield)
- Rumors that AT&T is closing deal to sell DirectTV
- Warner Bros announced it will send all of its movies to HBO Max the same time they are released in theaters
Targets: $30, $31, $31, $35
Let me know what you think in the comments!
$T is Positioned Nicely to Run $T is breaking through resistance at $29.15 and entering a channel it’s kept most of the year. PTs of $29.69, $30.13 and $30.65.
Today (12/3) Warner Bros. announced its 2021 movie distribution strategy which will consist of all 17 movies being in theaters and on HBO Max simultaneously. This should provide a nice spike in HBO Max subscriptions. Theater chain shares dropped double digits on the news.
