T: Approaching the Buy Zone

The dividend king AT&T is progressing with the intermediate wave C of primary wave 2. There is a lot of confluence support between $23 and $20. If that support box breaks, then $18 - $17 is another major cluster of support. Good thing about these boomer stocks is that they don't fluctuate that fast. It is relatively easier to manage stops and even something goes wrong, there is a hefty dividend to thank you for holding the bag. In the long term, the few remaining telecom stocks would be a great hedge against a meltdown related to the high-flying tech bro ones! I will be more than happy to put my pocket change towards buying each support zone for the next 3-6 months or so.