AT&T may rise to 19.90 - 20.30

Our pivot point stands at 18.2.

Our preference

The upside prevails as long as 18.2 is support.

Alternative scenario

The downside breakout of 18.2 would call for 17.5 and 17.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 18.323 and 17.7074).

Supports and resistances

20.6 **

20.3 *

19.9 **

19.5

18.77 (USD-last)

18.4

18.2 **

17.5 *

17.2 **

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