AT&T Inc.
Singkat
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T - Looks like Slow Bleed back down to $31ish Soon

131
Cutting dividend yield, bad merger. All around selling gonna happen IMO.

(Opinion Only)

syot kilatT
Dagangan aktif
Bear wedge/pennant.

syot kilat
Nota
syot kilat
Nota
I think rejects again here and goes further down back towards $31

syot kilat
Dagangan aktif
This could continue to spiral down as dividend investors liquidate.
syot kilat

Sub-$30 coming soon in my opinion.
Dagangan aktif
syot kilat
Nota
This thing isn't done going down in my opinion.

Today showed capitulation by the div yield crowd that has been longterm holders of T for the div yield.

As ATT management has essentially thrown in the towel as of today, this will see medium to longterm pain back down to at least $28-25 in my opinion.

All this company had going for it was two things which will now be gone, making it a luckluster cell phone company stock from here forward...:

1) HBO Max
2) Div Yield


Sell the resistance level (my opinion only - not advice)
$32.10 is resistance of today's nasty down trend.
Dagangan aktif
When 31.86 breaks; this sees 31 fast IMO.

syot kilat
Nota
No bid for (T) shares here into the close; shows us more downside likely this week.

syot kilat
Dagangan aktif
syot kilat
Dagangan aktif
Bearish engulfing candle that closed below the open gap, and closed below the prior resistance level.
Points to more down-side near term IMO.

syot kilat
Dagangan aktif
syot kilat
Dagangan aktif
Three Day rule - I wouldn't long this until everyone that wants out is already out.

This struggled around 28-29 area for a long time so I think it heads back to that same exact battleground area.

syot kilat
Dagangan aktif
Target #2 possible this morning at $29 as div yield holders liquidate.

syot kilat
Dagangan aktif
Another bear flag? Maybe sub-$29 here at the open..

syot kilat
Dagangan aktif
Expect this level to be resistance.
It is the 100day and short term trend resistance level.
syot kilat
Nota
Below 29.74 nd we see 29.20s again fast.

syot kilat
Nota
My guess is that ATT closes at 29 or maybe just below it around the lows of this morning..

syot kilat

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