AT&T extends cautious gains - Analysis - 08-11-2018

AT&T's stock kept rising in the short term with a 0.45% profit, or 0.14 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, while a negative divergence forms in the Stochastic indicator as shown below the attached chart. 

Therefore we expect the stock to return lower, targeting the support of 30.25 anew, as long as the resistance of 31.48 holds on. 

Expected trend for today: Likely Bearish