AT&T readies to pierce pivotal support - Analysis - 20-07-2018

AT&T's stock (T) fell in the intraday levels, amid negative pressure from the 50-day SMA, with negative signals from the RSI, amid the dominance of the main downward trend in the medium and short terms, recording a 1.39% loss in the last session, or 0.44 points, and readying to pierce the pivotal support of 31.17. 

Therefore we expect more losses for the stock, especially if the support of 31.17 was breached, targeting the next one at 30.28.