Idea Stream for AT&T
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.