TECH Buy 31.05.2024 08:28
AT&T Inc.: wave analysis
Growth is possible.
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 of the lower level i of 1 has formed, a local correction has ended as the second wave ii of 1, and the wave iii of 1 is developing, within which the wave (i) of iii is forming. 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.
Indicators
Overall recommendation Sell
Overall recommendation Active Sell
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Active Buy
Overall recommendation Buy