AT&T recently reversed up sharply from support area lying between the key support level 36.5 (which has been reversing the price from September), 38.2% Fibonacci correction of the earlier upward impulse from July and the lower daily Bollinger Band.
The upward reversal from this support area stopped the earlier short-term impulse wave 3.
AT&T is likely to rise further toward the next resistance level 37.80 (low of the previous impulse wave 1 from the middle of January).
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