As mentioned before, T has been the lagger of the defensive sector .
It hit the 0.618 since 2008 @ 29.60 a few while ago, and formed a daily double bottom finally!
What's more, the entry of the 2618 will be at the 30.00 fig spot!
Accordingly, I will be very interesting in this trade!
Let's see how it goes!
I have finally decided to chart AT&T.
Looking for a deeper pull back into the 618 at the 27-29 range.
We have momentum slowly turning positive, with some buy signals stacking.
Were at the bottom of the bolly band with the failed false breakout of 3 years back into its proper wedge.
Lets see what happens. Dividends for all!
I want everyone to win!
AT&T has been so weak to make a new low after the 2015.08.24 low!
The earnings report day is coming, there is a potential bullish butterfly about to be formed before 30.00 fig.
Of course, this trade requires a intraday reversal sign AFTER the earning report,
if going down after earnings but not breaking the 30.00 fig (Kinda a no-brainer SIZE over there)