pseng88

$amt negative divergences and descending triangle

Short
NYSE:AMT   American Tower Corporation (REIT)
higher time frame is showing negative divergence in rsi
intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment
lower time frame is showing a downtrend breaking below support and retesting on pullback
will look to enter on 130.2x area for a move down to 129.3x area as first target and break lower to the 125.18 which coincides with the higher timeframe