American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

AT&T chalks up new losses - Analysis - 23-10-2017

Economies.com
2017-10-23 12:36PM UTC

AT&T's stock (T) kept falling in the intraday levels, recording a new loss of 0.42% in the last session, or 0.15 points, amid negative pressure from the 50-day SMA, while settling above the support of 35.91, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 30.97 to 43.89). 

 

Therefore we expect more losses for the stock, targeting the support of 34.02, which represents the ratio 76.4% of the same retracement levels mentioned earlier, as long as it settles below 35.91. 

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