AT&T faces strong resistance - Analysis - 22-10-2018

AT&T's stock returned higher with a 1.14% solid profit in the last session, or 0.37 points, while venting off oversold saturation in the RSI, touching the resistance of the 50-day SMA, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern. 

Therefore we expect the stock to return lower, as long as the resistance of 32.80 holds on, targeting the support of 31.48. 

Expected trend for today: Likely Bearish