Categories: Technical analysis

AT&T Wave Analysis 27 April, 2021

• AT&T reversed from resistance level 31.80

• Likely to fall to support level 30.00

AT&T recently reversed down from the major resistance level 31.80 (top of the previous wave (2) from December) – standing well above the upper daily Bollinger Band.

The downward reversal from the resistance level 31.80 created the daily Japanese candlesticks reversal pattern Shooting Star. AT&T is likely to fall further toward the next support level 30.00. Strong resistance remains at the resistance level 31.80

AddThis Website Tools
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

2 hours ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

5 hours ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

6 hours ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

7 hours ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

7 hours ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

22 hours ago