AT&T $T readay to bounce? (3/5)Conviction: 3/5
could go down lower to the starting point of wedge
or if we believe fractal from 2007/8 then there might be another buying opportunity with bullish divergence from Weekly RSI
General Thesis
bounce from lont-term resistance (2005)
broke back into downward channel since 2014
Weekly RSI showing good bounce near historical support
Growth
Margins in slightly declining trend
NEGATIVE GROWTH
Value
P/FCF is at historical lows: about 5th percentile
P/S is at historical lows: about 5th percentile
Fundamentals/Balance Sheet
debt/asset ratio good: below 1
quick ratio NOT GOOD: below1
Potential Risks
expensive market...
business looks like somewhat struggling