Technical analysis

AT&T Wave Analysis – 22 June, 2022

AT&T Wave Analysis – 22 June, 2022

• AT&T rising inisde corrective wave (2)
• Likely to rise to resistance level 20.77

AT&T earlier reversed up from the key support level 18.80 – standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse (C) from February.

The upward reversal from the support level 18.80 started the active medium-term corrective wave (2).

AT&T can be expected to rise further toward the next resistance level 20.77 (former wave 3 low from the start of June and the target for the active corrective wave (2).

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