T trade ideas
Price above trendlinePrice above trendline and rejecting MA 50. final impulse wave (5)
Good to go long at market with an initial target at 31.50 (current MA 100); a close above this level will open a window to 138.2 fib extension and close to MA 200 , currently at 34.9.
Att big swingFrom around May 15 - June 8 there was a $5.60 swing up and it appears the same conditions have been met based on my pitchfork chart and Alagator average. We should see it get above $34 by July 20. And there are many positive external factors working in ATT's favor:
1) New colorful CEO
2) Governments about to subsidize internet for many
3) 5G is just around the corner
Juicy signals to buy AT&T shares!AT&T looks so tasty! Monthly timeframe: 17 years old(!) support line + Divergence + Dragonfly Doji
AT&T sitting on volume support after good newsAT&T got a few pieces of good news today that could help lift the stock price further.
First, the Federal Reserve announced that it made a large purchase of AT&T bonds on the secondary market. I don't know that this greatly changes the outlook for the stock, but in theory it means that AT&T could borrow more money in the future at more advantageous rates because the Fed has taken some of the supply of AT&T bonds off the private corporate bond market.
Second, Democratic senators introduced legislation to subsidize Internet access for Americans experiencing financial hardship due to the pandemic. Republicans have been working on their own bill to do the same thing. Telecom companies agreed in March not to cancel service or charge late fees to customers who have been impacted by the pandemic, but those commitments expire tomorrow, so legislators may feel some pressure to act quickly on this. If passed, the bill could increase demand for AT&T's services.
Third, AT&T launched its 5G coverage in 28 big-city markets today, expanding its reach to more than 160 million consumers. This opens up a lot more market share for AT&T.
The company is also enjoying some positive publicity for choosing Anne Chow, a woman of color, as CEO.
In terms of technicals, AT&T is sitting right atop a volume support.
AT&T Inc (T - NYSE) - Updated EW countAT&T Inc (T - NYSE) has completed (X) wave of (W)(X)(Y) complex corrective. In 30 min time frame, it is moving down in (Y) wave as ABC zigzag pattern, where A wave already over and B wave as complex correction is under progress, which is in the final move up to complete B wave. Keep eye on the stock. It may take 1-3 days to complete the B wave.
AT&T Cup & Handle formation on dailyAT&T (T) has broken Cup & Handle with increase in volume!!
Disclaimer: This is not an advice to buy or sell!!
daily analysis of AT&T INCHi friends
I present to you a daily analysis of a very important market and as you see the graph shows that this market will know with a very high probability a downward trend with the vigilance of return
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AT&T Selling Gaming Unit for $4 Billion - LongNews hit right before the close.
AT&T in talks to sell WB games business in possible $4 billion deal.
Looks like a bidding war could erupt.
From the news release, Take-Two-Interactive, Electronic Arts and Activision are all interested in buying the gaming business.
This will give AT&T much needed capital.
I see the stock moving higher on this deal.
Going long!
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My AT&T RunThere's an incredible amount of investors I've followed that are very pleased with VZ stock's performance during the past years. Fundamentally speaking, yes, indeed Verizon has a cleaner balance sheet, way less debt, and it has done a really good job at being a decent rival for AT&T within America. However, I have strong reasons to believe that AT&T is not a fundamental play. What do I mean by this? We live in 2020, and for the past 20 years, the market leaders are those who innovate, but also those who keep innovating the fastest. Back when the internet wasn't our god, companies didn't have as much pressure for innovation since information itself couldn't even be shared massively and at the speed, it is done now. So back when Buffet was buying shares, earnings would most likely be given back to the shareholders rather than being reinvested in an asset so intangible like research&design. And in no way, I am shitting on Buffet's strategy, he's a billionaire for a reason. But what if I don't want to wait 50 years, or better yet, what if we aren't as lucky as he was were he has been able to purchase stocks during 3 major economic recessions?
AT&T isn't a fundamental play because its true value can't be pinned down to a balance sheet. AT&T is set to be the face of 5G here in the west, competing against Huawei, who in my opinion, already one the first few rounds. The US Government made the announcement that Hong Kong is no longer independent from China. The US is also legally fighting Canada for the extradition of Huawei's Chief Financial Officer. So why would the US make a global announcement that just empowered hundreds of Chinese investors, including the government? Isn't all the mainstream media telling you that there's a trade war? Would you even know that the trade war began because of the 5G race? Anyways, all I am trying to say is that AT&T will be the leader of 5G here in the west, regardless of how much debt with have, and if you cannot see the value in that, then I don't think you understand how powerful 5G actually is.
Another intrinsic value that I see is that AT&T owns WarnerMedia. Can you see the power of being the largest cellphone provider as well as one of the largest media providers? It seems too good to be true. Data recollection through cellphones in order to produce specific content based on that very same data. Disney owns literally every media company out there, so I guess I also see the value in being independent of them.
What will my strategy be like? Based on the shorter time frames, I believe there will be another price dip, and when that occurs I will enter my position. I plan on buying shares for my retirement portfolio, as well as for my trading account. Even though I will be holding for the long run, it's still a nice stock to trade around. (Aiming to buy at 28$ )
AT&T: The western face of 5G?Pompeo announced this evening that Hong Kong is no longer an independent part from China. Chinese investors and business people are buying as much influence and shareholder stake in HK. Who benefits? China. Anyways, on top of the announcement, the CFO of Huawei was denied extradition proceedings. So far, U.S can’t prosecute yet. Quite unfortunate given the announcement the U.S Government made earlier.
My thoughts - Huawei is so far the leading company in 5G, the US knows that and it has come to terms with a closed door alliance with China. If you can’t beat them, join them, so that you understand them, and then try beating them again lol.
Back to my question, for any one out there who wants to discover the real truth, for those who question everything, even what’s on CNN, do you think it’s a good time to buy AT&T? Like, yes it holds loads of debt, but I think the real value is that they are the only company that has the reach and resources atm to compare shoulder to shoulder with Huawei . Plus, if Huawei has completely dominated the Easter world, shouldn’t we take some western pride too? Or what’s every one thinking??
What will I do? Follow up tomorrow morning.
AT&T could have a good run in 2019 AT&T it is in a support zone from a technical point of view but fundamental data it will influence the price .
2019 it will be an important year for AT&T and good decisions has to be taken .
AT&T Looks good on Daily Chart AT&T Daily chart support and resistance level .
The price could go up to the next resistance level or to test again the support level/zone.
