Categories: Technical analysis

AT&T Wave Analysis – 16 May 2025

AT&T: ⬆️ Buy

– AT&T reversed from support zone

– Likely to rise to resistance level 28.35

AT&T recently reversed up with the daily Morning Star from the support zone between the key support level 26.00, 38.2% Fibonacci correction of the upward impulse from January and the lower daily Bollinger Band.

The active impulse wave iii belongs to the minor impulse wave 3 of the intermediate impulse wave (3) from the start of March.

Given the strong daily uptrend, AT&T can be expected to rise to the next resistance level 28.35, which reversed the previous impulse wave i.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: AT&T

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