I remain bullish on ATT and plan to hold through 2022, however the stock has rallied over 20% in less than a month with the RSI approaching over bought levels going from 29.8 to 74.6 in the same period.
The price pulled back after breaking thru resistance and closed under resistance which also coincides with the 1.61 fib level.
I anticipate a pullback to trend line (monthly) or the 1 fib level (25.58-24.98) and then a continuation of the rally to $30+ in the short term. This would create a cup & handle pattern.
The price pulled back after breaking thru resistance and closed under resistance which also coincides with the 1.61 fib level.
I anticipate a pullback to trend line (monthly) or the 1 fib level (25.58-24.98) and then a continuation of the rally to $30+ in the short term. This would create a cup & handle pattern.
