T trade ideas
AT&T at descending triangle resistance lineAT&T is currently forming a descending triangle pattern (look at weekly / daily charts for confirmation). It is also at the resistance line for the descending pattern on the hourly chart.
Wait for break of convergence pattern below and then enter short. Set your stop loss slightly above the middle of the convergence pattern to avoid false breakouts, and set your price target slightly above resistance to avoid missing your exit.
US Stocl AT&T, H4 LongBig move of price observer on Weekly chart. After correction price created good imbalances to continued move up. I place buy order below FIBO 61.8.
A little more room for AT&T to run upHistorically when the VI reaches this level, the stock rises an average of 2.77% more with a minimal move of 1.22%. If either of those occur, it would be part of a new trend. The stock is now above the previous channel that I have drawn. A commonly hit level is my forecasted move but it is roughly 0.79% from the closing price on December 21.
Historics do not lie, but they are ever changing. If the market continues its rally to #DOW20K then anything is possible. I am personally anticipating a correction in the near term hence my conservative movement for AT&T below the minimal movement ever seen in this situation.
T short tradeHey there!
Generally speaking, I'm testing my new trading system.
IMHO, it is a great experience to write down all your trades, as it is much easier to analyze them later.
Thus, I'm publishing my ideas here. It will be also great if some of my trades will help all of us to get some profits)
I'm also attaching my risk calculations.
Normally, my risk per trade is 3.5% per trade.
It is much easier for me to trade when I understand what is my risk per position.
P.S. Target area is changing depending on entries (as you could notice I use multiple entries). I'm going to update all the data inculding targets as long as the trade remains opened.
Cheerz!
ANOTHER 1% GAIN IN THE CARDS FOR AT&T?Historically when TSI reaches this level the stock climbs an average of 4.93% with the minimal movement of 1.25% over the next few weeks. My technical analysis has T at the top of the downward trendchannel which would signal an immediate retreat.
Both options could still occur in the near future which ultimately lead down, but not before quickly breaching the top of the trendchannel and immediately heading down.
Based on my analysis, the stock could move up to around the 42.70 level which is a commonly hit level from earlier this year. I would expect it to provide a conservative resistance level.
T near buy entryAccording to MACD, RSI and Stochastic, plus a pitchfork and Fibonacci, T's actual price would be a good entry level for a long term investment.
at&t potential buying opportunitybuy @~36.00 zone (red). Previous structure aligning with 61.8% fib retracement making a good case for entry.
People who want to invest instead of trading can be happy for the 5%+ dividend yield.
AT&Twww.washingtonpost.com
***WEEKLY CHART***
BUY FOR NOW (TEMP):On daily chart ATT is a buy as it is hitting the LIGHT green support line from 2015 Aug low.
SHORT (IN WEEKLY CHART). The upper limit is Two red lines Dotted one and solid one. Once it touches those lines re-evaluate the situation and then you CAN GO SHORT. The support line will be on weekly chart is from 1984 low the SOLID DEEP GREEN LINE AROUND $25-$30 ZONE.
