The US market opens in 10 minutes, and I'm gonna watch for the open. A strong gap down cancels the trade. With my risk management rules and my portofolio size, I can buy 100 shares of AT&T . The stop loss will be under the current low. I'm going to close half of the position at take profit 1, and move the stop loss on break even (including the commision costs) on the remaining 50 shares. If we close over the last swing high, that is 33.50$, I will move my stop loss at the last swing low on the hourly chart. If we reach 35$, I'm going to close the entire position.
Technically, we have a class B (the third one) both on the lines and the histogram. with strong . Also, the support line at 32$ is a very strong weekly support.