AT&T hurt by negative pattern despite gains - Analysis - 18-10-2018

AT&T's stock rose in the intraday levels while venting off oversold saturation in the RSI, scoring a profit of 0.56% in the last session, or 0.18 points, amid negative pressure from the 50-day SMA, while the stock is hurt by a negative pattern that formed in the short term, the Rising Wedge pattern. 

 Therefore we reaffirm our negative outlook for the stock, targeting the support of 31.48, as long as the resistance of 32.80 holds on. 

Expected trend for today: Likely Bearish