lcbealefit

T Moves

Long
NYSE:T   AT&T Inc.
Based on what I see from the Daily, 1 hr, and 15 mins. T looks like it will consalidate at the levels its on. It broke my daily, 4hr, 1hr wedge, BUT it did violate my 1 hour support (red line). On all timeframes, the RSI isn't over bought. My one big concern is the EMA 9 has crossed below the 20 EMA on the daily and 4 hr. So far they have respected the current support. On the 1 hr and 15 mins, the 9EMA has barely got below the 20ema. They respect the current charted support. Based on the multiple candles hitting this support, I Believe it won't go much lower and continue to go sideways until some big news (HBO max Wonder Woman 2 on Christmas Day). I have learned learned my lesson trading the news, and based on what I charted plus the state of the world and what HBO can Bring (ATT owns them) we could see a push forward to the 32-33 range by 1/15.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.