AT&T to see early optimism?AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62)
The previous swing high is located at 20.90.
There is no clear indication that the upward move is coming to an end.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance is located at 20.90 and should cap gains to this area.
Expect trading to remain mixed and volatile.
The medium term bias is neutral.
Our profit targets will be 18.31 and 17.61
Resistance: 19.80 / 20.90 / 21.50
Support: 18.70 / 18.00 / 17.70
Disclaimer – Saxo Bank Group.
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