Tag: AT&T

CFD Trading – AT&T & Micron Technology

Nicholas

Micron Technology Stock Code MU.NAS

Outlook
Price made a Double Top at $51.30 two days ago and has started to decline. Ichimoku is warning of a price reversal. A move below $49 would confirm the breakdown and the end of the uptrend and the start of a correction. Price is now below the Conversion line. We think price may have made a temporary high and could be heading to the cloud support at $44.00. MACD has given a bearish divergence warning, hinting of a price high and further price decline.

Strategy
$49.16                Short Sell
$44.20                Price Target
$51.35                Risk Management Stop
3 weeks              Trade Duration

AT & T Stock Code T.NYS

Outlook
Price has been on an uptrend since early Mar 2019 when it broke above the cloud. Price reached a high of $38.75 on the 11 Sep and corrected to a low of $36.49. We had a Doji at the low of $36.49 and a strong bigger candlestick on the breakout of the consolidation pattern. During the correction, price had managed to stay above a gap created on 9th Sep. If price does not close the gap, price is likely to move higher to $41.30 based on the Midway gap price forecasting method. MACD is bullish.

Strategy
$37.80                Buy
$41.30                Price Target
$36.30                Risk Management Stop
3 weeks              Trade Duration

CFD Trading 8 April 2019

Nicholas

AT&T Stock Code T.NYS

Outlook

Price moved above a previous high at $32.03 on Friday and closed near its high. This is an indication of a strong breakout of the resistance. Price is also above the cloud and above Conversion and Base lines. Both Conversion and Base lines are rising, indicating a bullish trend. MACD is rising and bullish. This is another indication of a bullish trend in progress. The next resistance lies at $33.29. Price should be able to move past this resistance to the next higher resistance at $34.31. This is also near to $34.24, which is the Fibonacci 161.8% of the rally from $26.77 to $31.40.

Strategy

$32.34 Buy
$34.24 Price Target
$31.24 Risk Management Stop
3 weeks Trade Duration

Apache Corp Stock Code APA.NYS

Outlook

Two days ago, there was a Hammer candlestick pattern made. This is a bullish reversal pattern and could be an indication that price has reversed the downtrend right at the edge of the cloud. This was followed by a big strong candlestick which moved above both the Conversion and Base lines. With price above the cloud as well, these are indication of a possible price rally to follow. MACD is bullish and above the zero line, indicating a bullish trend. Price is likely to test the Fibonacci 61% and gap resistance at $40.27.

Strategy

$35.57 Buy
$40.25 Price Target
$33.05 Risk Management Stop
3 weeks Trade Duration

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