$T | AT&T Large Monthly Pennant & 4HR Inverse Head and Shoulders
T is trading within a massive bullish pennant on the monthly chart. Price recently found support at the bottom of the pennant structure & also at the horizontal demand zone.
On the 4 hour chart volume has increased and price is breaking out of an inverse head and shoulders pattern.
Potential Catalysts:
- Dividends Early January (>7% annual yield)
- Rumors that AT&T is closing deal to sell DirectTV
- Warner Bros announced it will send all of its movies to HBO Max the same time they are released in theaters
Targets: $30, $31, $31, $35
Let me know what you think in the comments!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.