See how the Descending Triangle is playing out for T. View live chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Traders are watching AT&T (T) as price action tightens. The stock is trading at $25.34, up 1.64% on the day. Price action has carved out a classic Bearish Flag. The trend indicator is reading 18.5/100, suggesting moderate momentum. A potential breakout level is identified at $23.85, targeting $18.56 with support near $25.55 (R:R 3.11).
What is your outlook on T?