AT&T - Another Crucial Resistance TestAnother crucial resistance test for AT&T, which has been trading sideways for weeks now.
Retraced to .786 off the high. If this breaks through resistance, possible buy zone in green rectangle
Pay attention to 50MA. If it crosses above 200MA, more support for the move
Extension 1.786 at $32 and change
Thoughts?
T trade ideas
T STRONG BUY @ 28.72 LOW RISKCurrent price action shows that T will continue
lower. Price will likely break the most recent low, taking liquidity and hitting the next closest bullish order block. If price breaks the next low, it will signal a bearish signal because in theory if price breaks the shoulders it will continue lower. There is a double bottom support that adds to the bullish bias. Stay safe and stay warm have a good day!
buy at&tbuying this tock because it broke out of the forever downtrend with a big push up and once it broke up it pulled back into the .618 on the fib level perfectly. Since its been consolidating and ranging I see it breaking to the up side once it breaks above $30 and retests that level for the long term buys to finally push up.