AT&T may rise to 23.20 - 23.50

21.3 is our pivot point.

Our preference

As long as 21.3 is support look for 23.2.

Alternative scenario

The downside breakout of 21.3 would call for 20.6 and 20.3.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 21.7975 and 20.6244).

Supports and resistances

23.9 **

23.5 *

23.2 **

22.8

21.93 (USD-last)

21.5

21.3 **

20.6 *

20.3 **

Number of asterisks represents the strength of support and resistance levels.