Employment AT & T (T) bullish: What investors should expect

AT & T Inc. (T) It is an American multinational holding company based in Dallas, Texas. It is the largest telecommunications company in the world by revenues and the third largest mobile service provider in the United States

AT & T (T) monthly graph September 2024

In the last monthly scheme, we saw the gathering left from the blue box. The assembly does not mean that T cannot resume the downside again. To confirm that the wave ((II)) has ended to $ 13.43, the market needs a higher fracture of the (i) wave. Until then, T any other structure can lead us to low prices. Currently, the arrow does a very good job, indicating that the trend is to develop a motivated structure. (If you want to learn more about Elliott Wave theory, follow these links: Eliott Wave Educe and Elliott Wave theory).

AT & T (T) weekly graph September 2024

Also in September, the weekly graphic chart showed how I completed a wave (5) of C of the final structure. The wave (II) ended at $ 13.43 and a dispute looking to build a higher motivation like the first wave. The first wave, like the wave ((1)), has ended to an increase of $ 18.16. WAVE ((2)) the decline ended at $ 15.94 and resumed the highest again. It pushed AT & T strongly to the upper trend that broke the axes of the relative strength index in the weekly time frame, indicating that the high 2019 cycle has ended. After that, we expected to build a driving structure as a scheme before seeing a 3, 7 or 11 fluctuations like the second wave.

AT & T (T) weekly graph February 2025

After 5 months, the arrow shows a clear structure for 5 fluctuations in view of the idea of ​​the motivation is very possible. The wave ((3))) was completed at a height of 24.03 and corrected as a wave ((4)) at 21.38 low. T continued in the upward trend and the last EPS results are better than expectations, which sparked a movement in the strong upward trend. Currently, we expect that it will be the structure of the extension as a wave ((5)) and the market will make a wave (3) of (5)). Once the wave (3) is completed, we must see a clear decline in the wave (4) of (5). Next, we expect to do another higher payment to finish the wave (5) of ((5)) and also the first wave before seeing the second wave correction. We expect that wave that must end in 26.44 – 28.64 regions. Let’s see what gives us the market. Smart trade!