I don't involve myself in the stock market as much as I used to but every once in a while I like to look about and see what's going on. AT&T caught my attention on the technical side (which is my specialty) for a few reasons.
Big picture (weekly) we're in consolidation in a pattern that is very similar to a bullish flag. Working our way down to the lower timeframes (daily)we've but in a series of higher lows. Our last cycle from NSH to our current OR shows hidden divergence as well which is a good sign of continuation.
Lastly on the 4hr we have a completed bat pattern down at $32.72. Key levels that I'd be focused on IF this price rallies are $33.60's, $34.15's and $35.00
Fundamentally I don't did into the numbers as much as I used to but the I personally like companies the offer dividends. I think it provides a bit of safety. Yes this company has some debt as well which is concerning, but with the risk being so small, it's certainly worth a shot in my opinion
Big picture (weekly) we're in consolidation in a pattern that is very similar to a bullish flag. Working our way down to the lower timeframes (daily)we've but in a series of higher lows. Our last cycle from NSH to our current OR shows hidden divergence as well which is a good sign of continuation.
Lastly on the 4hr we have a completed bat pattern down at $32.72. Key levels that I'd be focused on IF this price rallies are $33.60's, $34.15's and $35.00
Fundamentally I don't did into the numbers as much as I used to but the I personally like companies the offer dividends. I think it provides a bit of safety. Yes this company has some debt as well which is concerning, but with the risk being so small, it's certainly worth a shot in my opinion
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