AT&T Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for AT&T

  • At the time of this writing, T’s price is up $0.02 (0.1%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as AT&T has now gone up 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on AT&T. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AT&T’s hourly price chart is shown below.

T

The Daily View for AT&T

  • At the moment, T’s price is up $0.29 (1.5%) from the day prior.
  • This is the 2nd day in a row AT&T has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on AT&T. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between T’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in T’s price.

Below is a daily price chart of AT&T.

T

Featured AT&T Commentary From Twitter

This giant pool of savings is parked in the US T bill market by the State Admin of Foreign Exchange securing liquidity, a right to buyers remorse, and a brake on the endless trade pressure that demands their fx appreciate; that jacuzzi has to be warmed just right for no dissentNA

hendry_hugh