AT&T ends cautiously higher - Analysis - 17-03-2023

AT&T's stock (T) rose in the intraday levels, amid positive signals from the RSI, after reaching oversold levels, amid attempts to recoup some recent losses, marking a cautious profit of 0.44% in the last session, or 8 cents, and settling at 18.39, amid negative pressure from the 50-day SMA, while hurt  by piercing the upward correctional trend line in the short term.

Therefore we expect the stock to return lower, targeting the pivotal support of 17.64. 

Expected trend for today: Bearish