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AT&T INC.: WAVE ANALYSIS

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AT&T INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point17.67
Take Profit20.00, 21.60
Stop Loss15.90
Key Levels13.50, 14.60, 15.90, 20.00, 21.60
Alternative scenario
RecommendationSELL STOP
Entry Point15.85
Take Profit14.60, 13.50
Stop Loss16.25
Key Levels13.50, 14.60, 15.90, 20.00, 21.60

The price is in a correction and may grow.

On the daily chart, the downward wave of the higher level B ended, and the upward wave C started, within which the entry first wave 1 of C forms. Now, the wave iii of 1 is forming, within which the wave (i) of iii has developed, and a local correction is forming as the wave (ii) of iii. If the assumption is correct, the asset will grow to the area of 20.00–21.60. In this scenario, critical stop loss level is 15.90.

AT&T INC.: WAVE ANALYSIS

AT&T INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 15.90 with the targets at 20.00–21.60. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 15.90 will let the asset go down to the area of 14.60–13.50.


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