Complex Inverse Head & Shoulders on AT&T. Could look to rally.
Telah dikemas kini
AT&T (T) is testing the neckline of this complex inverse h&s pattern, which also coincides with the 200 day moving average. If the price can break up from here, we could see T rally to $34-36.10. Personally, I want to see a break-out and retest of the neckline and 200 day moving average as new support (confirming that old resistance did in fact became new support) to give us better confirmation that this stock wants to move higher.
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: Along the neckline and 200 day moving average around $31.15-$31.30 IF it breaks out (as mentioned, I want to see these levels broken and held as new support for a bit before entering.)
Target 1: $34.30 (Prior resistance zone.)
Target 2: $36.10 (Prior consolidation zone and the estimated measured move of the complex inverse h&s break-out.)
SL: $30.10 (below the 50 and 100 day moving averages.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: Along the neckline and 200 day moving average around $31.15-$31.30 IF it breaks out (as mentioned, I want to see these levels broken and held as new support for a bit before entering.)
Target 1: $34.30 (Prior resistance zone.)
Target 2: $36.10 (Prior consolidation zone and the estimated measured move of the complex inverse h&s break-out.)
SL: $30.10 (below the 50 and 100 day moving averages.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Nota
So far so good, would like to see a pull-back to retest the neckline/200 day moving average as new support now: Nota
Continuing to look good: 
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