This is a totally informative publication, no prediction is being made and no advice is being given. This is simply the price of AT&T shares during the past 3 documented U.S recessions from 1990-2009 against the S&P 500.
T has tested the $34.5 level multiple times and is now looking at a potential breakout. The next level of resistance is at the $36 level where the 200 moving average on the weekly chart also is residing. Looking for a 2:1 risk reward with the stop being right under the 20sma.
Hitting major resistance. Can either gap up or break down to fork lines (minimum target down is the median line). Technical indicators appear to point to the downside. We will be short after a break of the signal reversal bar only. If we get upside pressure, we will only be long up to the upper forkline.
Happy Trading
NYSE:T
26-Jul
Stock price trend forecast timing analysis.
See a forecast candlestick chart of 10 days in the future: www.pretiming.com
Investing position: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary...
Has already past 32.15 support and looks to target 35.5 next. It is just budding out of its downward channel and with Earnings Report I expect it to be the catalyst to the next target.
This dividend aristocrat is currently sitting about 75% below its ATH. The company’s average dividend yield during the last Recession in 2009 was 6.4%. With a 6.1% yield now, AT&T is trading at recession level prices. It has also acquired both direct tv and Time Warner since then. They're currently leading the 5G race. AT&T has followed up its 12-city rollout in...
Welcome!
Today I'll be demonstrating the efficacy of a method I've determined to identify and trade support and resistance (S/R) zones in real-time.
Normally, traditional technical analysis requires a S/R zone to experience multiple validation events (touches, reverses, bounces), before it becomes tradeable. The downside to this method is that numerous...
19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
Forecast...
ex-dividend play
T offering $0.51 dividend, therefore, in theory, the price of the stock will drop in the AM by such amount.
Expect it to drop down around to 33.67, which is the next support line. If it does go down more, expect it to drop around to 33.00.
03-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D...
