Investors can't get over the performance of the U.S. telecommunications giant AT&T. The share price has fallen by almost 16% compared to a decade ago, and this is enough for most to declare the stock "dead".
Our Analysis:
As long as the price is above the 20.35 level, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 21.24
- Take Profit 1: 22.00
- Take Profit 2: 23.40
Alternative scenario:
If the level of 20.35 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 20.35
- Take Profit 1: 19.50
- Take Profit 2: 18.50
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