T trade ideas
AT&T: One to watch for your IRA. Oops:This is weekly not daily Technically this looks promising for one more up wave. Watch for a reversal candle or pattern. If price drops below "1" then the EWT wave count is wrong.
Fundamentals discussed here: seekingalpha.com
At this price currently has a 5.88% dividend yield.
Buy dip on monthly supportsafe yield and long term hold for me. $TWX deal now valued under 102 #bargin
Simple S/R Strategy: Trade #3 - TLate on publishing this idea but here it is for performance tracking purposes. I plan a to conduct a total of 6 trades following this strategy, so as soon as profit levels are reached I will be entering into my final 2 trades. (I've limited myself to 3 open trades at any given time)
Bearish rest after battleending in long day & price of 1-month 36 PUT options increased by more than 34% showing signs of bearish continuation
At&T - Key support levelT will rebound on key support level, target 39 USD
AT&T added 300,000 subscribers to its DirecTV service, but at the same time, the company lost 390,000 subscribers for its other TV offerings. That means it lost 90,000 subscribers on a net basis.
The market reacted very negatively to the news, sending AT&T's shares below $36, which means the shares were down 9% during the last week.
The fact that AT&T is losing subscribers isn't a positive at all, obviously, but I don't think the 90,000 subscribers lost justifies such a negative share price reaction, due to two reasons.
First, the company has been losing subscribers for a while now, and when we take a closer look, we see that the decline rate has slowed down a lot:
Q3'17: Total - 90,000, Traditional - 390,000, Now 300,000
Q2'17: Total - 199,000, Traditional - 351,000, Now 152,000
Q1'17: Total - 233,000, Traditional - 233,000, Now 72,000
Q4'16: Total - 240,000, Traditional - 27,000, Now 267,000
The decline rate has dropped from almost a quarter million one year ago to less than 100,000 a quarter now, with the net total getting closer to zero every quarter.
AT&T's video offerings make up roughly 20% of its total revenues ($36 billion annually out of $162 billion), and the company has about 25 million subscribers - that number thus dropped by 0.4% during the most recent quarter.
Up or down?This is either a double bottom swing or a double top failure. If it gaps up tomorrow it could be a nice swing trade back to 37 or if it gaps down it could go to 33.
Set buying and selling point on several points on trend linesAs title, keep in mind to set stop loss strategy.
hold AT&T for couple yearsProbably correction of the wave 2.3 is finished since all required targets were achieved. There is one possible targets below is 33.72, but it is small probability to achieve it. The target of the 3th wave is about 59$.
WAITING FOR THE CANDLE SIGNAL IN FURTHER DAYS.Waiting fot the candle signal.
A Hammer with a long tail is ideal.
The next area for take profit is 61.8 fibo retracement of the previous downtrend movement.
AT&T Buy IdeaW1 - Range
H4 - Price broke above the swing high at 39.35.
Scenario 1 - One more wave down then buys with TL breakout.
Scenario 2 -
H1 - Most recent high and TL was already broken up. We can go long as long as last low around 37.95 is holding. We can wait for another small correction and trend line to be created, and wait for a breakout to enter.
M 15 - Could it push from this level - Yes, most definitely. But it never hurts to be conservative.
