AT&T returns higher - Analysis - 03-11-2022

AT&T's stock (T) returned higher in the last session, tackling the resistance of 18.67, amid positive support from the 50-day SMA, with the dominance of the upward correctional wave in the short term, countered with negative signals from the RSI after reaching overbought levels. 

Therefore we stand neutral until the stock moves on the resistance of 18.67, and in case of a breach, it'll lead towards the pivotal resistance of 21.50.

Expected trend for today: Bullish