AT&T shares rose 2.34% to $37.14 on Wednesday morning after the company announced a $4 billion share buyback program beginning in April and said it was confident of achieving its 2020 targets and long-term prospects.
Today we will conduct technical analysis of AT&T shares:
Our analysis:
As long as AT&T shares are above 37.00, please follow these recommendations:
Time frame - D1
Recommendation: Long Position
Entry Point: 37.00
Take Profit 1 - 39.53
Take Profit 2 - 42.59
Alternative scenario:
In case of breakdown 37.00, follow the recommendations below:
Time frame - D1
Recommendation: Short position
Entry Point: 37.00
Take Profit 1 - 31.60
Take Profit 2 - 30.90
We also suggest you to pay attention to Tesla shares:
Our analysis: While the shares of the company Tesla are below 585.00, follow these recommendations:
Time frame - D1
Recommendation: Long Position
Entry point: 725.00, 700.00.
Take Profit 1 - 910.00
Take Profit 2 - 994.00
Alternative scenario:
In case of breakdown 585.00, follow the recommendations below:
Time frame - D1
Recommendation: Short position
Entry point: 585.00
Take Profit 1 - 456.00
Take Profit 2 - 379.00
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