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    AT&T Short Term: short term rebound towards 17.7

    Apr 27, 2024 05:06
    AT&T (T.US)
    0.1+0.59%
    short term rebound towards 17.7.
    image
    16 is our pivot point.

    Our preference: short term rebound towards 17.7.

    Alternative scenario: below 16, expect 15.6 and 15.3.

    Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 16.7735 and 16.9516).

    Supports and resistances:
    18.3 **
    18 *
    17.7 **
    17.5
    16.75 (USD-last)
    16.2
    16 **
    15.6 *
    15.3 **

    Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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