AT&T - Ready to fall after a atcrazy rally
Sorry for the typo in the title.
AT&T has been forming divergences for quite some time and I believe it is ready to fall. Double class A bearish divergence on the MACD lines, double divergence on the MACD histogram, Class A bearish divergence on the 13 day FI and class B bearish divergence on the 2 day FI. All happening at a very important resistance area, after a crazy rally. Stop is at 37$ and targets at 34 and 33.50.
Weekly here :
Not saying that much, but doesnt forbbid shorting either.
AT&T has been forming divergences for quite some time and I believe it is ready to fall. Double class A bearish divergence on the MACD lines, double divergence on the MACD histogram, Class A bearish divergence on the 13 day FI and class B bearish divergence on the 2 day FI. All happening at a very important resistance area, after a crazy rally. Stop is at 37$ and targets at 34 and 33.50.
Weekly here :
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.