Elliott hedge fund placed a bet the T is worth $60, probably is but its a legacy carrier, with 170BBBBBillion in debt. they bought content, and got in debt, to complete against NetFlix , Disney and the like. Its a great stock paying 5.36% in dividend yield, for all those fix income seeking steady cash flow, but I dont think it can withstand a down turn in the economy with the inverted yield screaming caution.
I dont doubt the $60 is obtainable, see the monthly view as opposed to the weekly, but not till March 2021 as per my analysis.
TA speaking we see a shooting star this week. Short term short, longterm good buy at $33 and ride the wave contingent upon they are able to withstand the financial storm 16-18 month from now.
cheers, happy trading
I dont doubt the $60 is obtainable, see the monthly view as opposed to the weekly, but not till March 2021 as per my analysis.
TA speaking we see a shooting star this week. Short term short, longterm good buy at $33 and ride the wave contingent upon they are able to withstand the financial storm 16-18 month from now.
cheers, happy trading