Sorry for the typo in the title.
AT&T has been forming divergences for quite some time and I believe it is ready to fall. Double class A bearish divergence on the MACD lines, double divergence on the MACD histogram, Class A bearish divergence on the 13 day FI and class B bearish divergence on the 2 day FI. All happening at a very important resistance area, after a crazy rally. Stop is at 37$ and targets at 34 and 33.50.
Weekly here :
Not saying that much, but doesnt forbbid shorting either.
AT&T has been forming divergences for quite some time and I believe it is ready to fall. Double class A bearish divergence on the MACD lines, double divergence on the MACD histogram, Class A bearish divergence on the 13 day FI and class B bearish divergence on the 2 day FI. All happening at a very important resistance area, after a crazy rally. Stop is at 37$ and targets at 34 and 33.50.
Weekly here :
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