AT&T or NYSE:T maybe beaten up and have slashed their dividend but, it's showing a nice 222 bullish continuation soldier pattern according to the STRAT.
It has earnings coming out this week and is testing the 5 day MA and headed back to the 12 day MA.
RSI is oversold at 33.59.
This one could easily continue its bullish trend.
I placed my targets in the...
Last orders:
1) buy 15,4
2) buy 15,9
3) buy 16
Long term purchase up to $20
- If the price does not rise, receive dividends and buy more.
Fix profit on 3 levels
- Sell 30% at $20
- Sell 30% for $24
- Sell 40% at $32
If the price goes up wildly, remove the TP and add SL at $24-$28.
Considering that the company pays dividends and if the price drops to $15,...
This is another case of hidden value by a downgrade.
Nothing we do today could be possible without this company; communication is the foundation of everything nowadays.
But technically we have a broadening falling wedge, the resistance is just 32% from this price.
Maybe the key day will be the earnings call, but the opportunity is there!
GL!
T has been through a lot due to their Debt, let's see if it can get any relief or more grief.
This is a comprehensive support and resistance chart.
T might go lower and may not come back up for sometime. But looking at RSI it looks positive for next few months.
Investor Relief Amid Rumors: Investors in AT&T Inc. (T) recently experienced a sense of relief following a period of uncertainty, as the stock faced significant downward pressure, driven in part by rumours suggesting that Amazon (AMZN) planned to enter the wireless industry. Analysts advised investors not to panic, emphasizing that the stock may have reached a...
T is within a large Weekly up channel and a smaller down channel on this daily chart.
I expect a strong reversal when the bottom of the up channel is tested. Continuation of the down channel on daily is expected until bottom is reached.
AT&T has missed the entire communication's Bull Run and needs to catch up or at least rebalance higher. It's feeding off of the rotation into value and small cap stocks. It can start to break out fast without a retest if volume keeps rising.
AT&T
A high option orderflow drew my attention to this stock.
One of the biggest and oldest companies in the communication services sector. At the moment on a multi year low.
I guess they will make it. And this price looks really inviting for a long.
Paying 1.11 dividend.
My anticipated technical target for the next 6-12 month is $17-18.
I'll take a shot.
Key Points
(+) AT&T continues to enjoy strong customer growth in a highly competitive market.
(+) Its revenue increased year over year in the first quarter, but free cash flow fell.
(+) Despite this, AT&T expects to hit its 2023 free-cash-flow target of $16 billion.
(-) Amazon Might Offer Mobile Service
We expect the price to hit the support levels and correct itself by going back up to the prior resistances levels.
We enter long at the support level
Entree at 14.49
Stop-loss at 14.10
Taking profit at 17
It looks like AT&T is about to break support. Debt and old business ideas may be holding it back. Locally we just got high-speed fiber from T, so maybe it will turn around.
ATT
BUY
SL 16.40
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's third largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S.
The PEAD projected a bearish outlook for NYSE:T after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 71.43%.
AMEX:SPY - opening up exactly at PD open, which is sort of strange. This whole week we have opened lower, trended higher, and then finished lower. This could mean there is a trend change today. However, Until the weekly downward trend is broken, I will assume we will continue it.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000...
