T trade ideas
T a 0.618, 2618 and 30.00fig combination long.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!
Nothing good here - AT&TThe price is going to $27 in the 4-8 months. The earnings fall, the industry has a lot of competitors. This chart shows that the trend changed from uptrend to downtrend bc the price is trading below the 30EMA line which is the main resistance line for AT&T. In the near-term the price can reach $34 but I'm not sure.
The 100EMA support line can be safe target to enter if the management starts to do something to grow the customer base but so far this boat is sinking.
the RSI is low than 50 and the MACD crossed through its signal line 8 months ago, all signs for sell shares bc we have a lot of opportunity on the market.
ENTER: $24-26
Likes/Comments. Yes, please :)