TBB trade ideas
AT&T - using Gann Time squaring PriceGann talked about squaring time and price. Basically you use the price of a major low, which in this case, the low of Oct 29, 2020 @ 26.35
So you count the number of calendar days by 26 days and you get the minor top of Nov 24. Gann says you would expect a turn on this date. Whether it's a big turn or small turn, is another topic. But this goes to show how powerful this technique is. You can repeat the count forward. Next count would be Nov 19 (saturday) so we would expect a low happening on Nov 18.
Good to go long .. since the main trend is up.
T MovesBased on what I see from the Daily, 1 hr, and 15 mins. T looks like it will consalidate at the levels its on. It broke my daily, 4hr, 1hr wedge, BUT it did violate my 1 hour support (red line). On all timeframes, the RSI isn't over bought. My one big concern is the EMA 9 has crossed below the 20 EMA on the daily and 4 hr. So far they have respected the current support. On the 1 hr and 15 mins, the 9EMA has barely got below the 20ema. They respect the current charted support. Based on the multiple candles hitting this support, I Believe it won't go much lower and continue to go sideways until some big news (HBO max Wonder Woman 2 on Christmas Day). I have learned learned my lesson trading the news, and based on what I charted plus the state of the world and what HBO can Bring (ATT owns them) we could see a push forward to the 32-33 range by 1/15.
T - EW analysis - sell and buy set upT - IT is in double zigzag (or within impulse cycle) up. Expecting correct down in 4th of C (or 3rd) wave around 30 level. It can be sell on bounce for c of 4th wave down thereafter buy that zone for target above 32.50 as the final 5th wave up.
Give thumbs up if you really like the trade idea.
T appears to be running for now Awesome price moments over a bit of time. Volume increasing with last trading volume driving the price up almost nu-opposed at this time.
The first black line is likely to be met and is where I am going to sell half my position. That will likely make the remainder of my position free.
I had been accumulating LEAP Call options for sometime now and they are running now.
AT&T Big Resistance AheadYellow lines direct us to a retracement level and heavy resistance at the gap down
Likely previous channel offers some support below after that
AT&T Long for the futureAT&T Touched the support line, event that last occured in 2003 and 2009. Buy now and hold for retirement, no stop loss required.
$T | AT&T Large Monthly Pennant & 4HR Inverse Head and Shoulders$T is trading within a massive bullish pennant on the monthly chart.
Price recently found support at the bottom of the pennant structure & also at the horizontal demand zone.
On the 4 hour chart volume has increased and price is breaking out of an inverse head and shoulders pattern.
Potential Catalysts:
- Dividends Early January (>7% annual yield)
- Rumors that AT&T is closing deal to sell DirectTV
- Warner Bros announced it will send all of its movies to HBO Max the same time they are released in theaters
Targets: $30, $31, $31, $35
Let me know what you think in the comments!
$T is Positioned Nicely to Run $T is breaking through resistance at $29.15 and entering a channel it’s kept most of the year. PTs of $29.69, $30.13 and $30.65.
Today (12/3) Warner Bros. announced its 2021 movie distribution strategy which will consist of all 17 movies being in theaters and on HBO Max simultaneously. This should provide a nice spike in HBO Max subscriptions. Theater chain shares dropped double digits on the news.
ATT ideaHidden bullish divergence played out followed by a poor attempt by the bearish divergence just played into a higher low. Ascending line of support running into a flat line of resistance. If it breaks, these are my targets. If it fails, the interpretation shifts back to a rising wedge that could be argued, and consider your stop loss accordingly.
Multi Timeframe analysis and aligned setup on AT&Ta) Let's start with the Weekly chart: We have a clear bullish view, Support Zone + Ascending trendline. Those two levels combined on the same spot provide us with a solid level to think of as the beginning of a new ascending impulse
b) On the 1H scenario, we can see:
-The price is inside a range (between the Weekly support zone and the Next Resistance Zone)
-There is a broken descending trendline (that provide us with a bullish perspective)
- On the Range, we have an inner Support/Resistance zone in which the price is currently on the edge of that
- On the previously mentioned level we have a clear corrective Structure
FINAL CONCLUSION:
Based on all the previous items. IF the price breaks the current corrective Structure, we will open long setups on the shown level. With a Target on the next resistance zone. The yellow line represents the Break-Even level. We will take a 1% risk of our Capital on this setup / The expected duration of the Trade is 10 Days. The stop loss will be set below the structure.
😮🌟T bullish scenario:😮🌟T bullish scenario:
We have technical figure Channel Down in US company AT&T Inc. (T) at daily chart. AT&T Inc. is an American multinational conglomerate holding company. It is the world's largest telecommunications company, the largest provider of mobile telephone services, and the largest provider of fixed telephone services in the United States through AT&T Communications. The Channel Down has broken through the resistance line at 25/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 39 days towards 30.74 USD. Our stop loss order should be placed at 26.35 USD if we decide to enter this position.
🌟🌟🌟Fundamentals:
- A U.S. judge dismissed a libel lawsuit filed by President Donald Trump’s re-election campaign against CNN over a 2019 opinion piece which it said suggested the campaign would be open to Russian interference, according to a court document. The campaign sued CNN, which is owned by AT&T Inc, in March over the June 13, 2019, piece by Larry Noble, a CNN contributor and former general counsel of the Federal Election Commission.
