We at A&T Corp. try to combine the current market fundamentals with daily technical indicators and project our technical charts for direction as shown above and described below:
Just like most of the other stocks in the market, this downtrend is still on-going and now we are seeing the last bit of the Elliot wave which is taking the stock back to its previous support levels. The key point here is that the previous bottom might be breached to find and establish a new support level as most of the developed world is still reeling with the Corona-virus.
Note: Remember a break-out towards the top of the triangle (current resistance) may still trigger a buying frenzy.
Keep shorting the 4H charts until it reaches previous levels of $50 to $51.0. Stop-limit shorts to clear break-out line from the top.
Please feel free to like, share, and comment below to let us know about your thoughts, opinions, and/or questions.
Best of Luck!
Just like most of the other stocks in the market, this downtrend is still on-going and now we are seeing the last bit of the Elliot wave which is taking the stock back to its previous support levels. The key point here is that the previous bottom might be breached to find and establish a new support level as most of the developed world is still reeling with the Corona-virus.
Note: Remember a break-out towards the top of the triangle (current resistance) may still trigger a buying frenzy.
Keep shorting the 4H charts until it reaches previous levels of $50 to $51.0. Stop-limit shorts to clear break-out line from the top.
Please feel free to like, share, and comment below to let us know about your thoughts, opinions, and/or questions.
Best of Luck!