Short term view - AT & T : The bearish gap opened as prices break out of the pattern announces a fall.
Peaks and troughs overlap, they still define a bearish trend but it could also be an exhaustion. The next target is at $31.7000. The invalidation level is above$37.4000.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
- The bearish gap opened as prices break out of the pattern announces a fall.
AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.
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