AT&T may rise to 20.10 - 20.40

Our pivot point is at 18.6.

Our preference

As long as 18.6 is support look for 20.1.

Alternative scenario

The downside breakout of 18.6 would call for 18.1 and 17.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 18.8245 and 18.1108).

Supports and resistances

20.7 **

20.4 *

20.1 **

19.8

19.12 (USD-last)

18.8

18.6 **

18.1 *

17.9 **

Number of asterisks represents the strength of support and resistance levels.