ironmaiden
Long

Is $60 a long-term target for AT&T?

NYSE:T   AT&T INC
83 0 0
Many traders have seen a rising band on the chart of AT&T             since 2009, followed by consolidation since 2013, which looks like a pattern continuing the flag trend.
But in general, there is nothing interesting.

If we look at the weekly or monthly section of the chart, we will see a triangle, which rose up on the fifth classical wave. It is too early to think that now the triangle will begin to draw up the height of the base, and the prices will make it to $80. But the peak of the first wave of the triangle at $60 is a realistic target over the mid-term.

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