Foren & Soziale Netzwerke zur TRINSEO Aktie

 

This week T had a really nice looking bounce from the fib golden zone area of the 2026 low and high. This is also a very long trendline support going back to 2023. Not shown in the chart, but, the bounce this week can be subdivided into 5 waves that is already complete or soon to be complete early next week. What we need to see is the retrace does not go back and test the bottom of the weekly wick. Rather we want to see a short correction followed by another strong move to the upside to test the $27-$28 area. EW perspective, we should have minor degree wave 1 and 2 complete and the beginning of wave 3 of 3 of 3 of 3 is under way. This should be the strongest wave of the entire price history of the stock. Fundamentally, T is in a very strong position. All the mess with becoming a media conglomerate is in the rearview mirror. The board has a clear direction for the management, and they are executing on their strengths. They are building somewhat of an all-season business without the distractions. Their debt

The dividend king AT&T is progressing with the intermediate wave C of primary wave 2. There is a lot of confluence support between $23 and $20. If that support box breaks, then $18 - $17 is another major cluster of support. Good thing about these boomer stocks is that they don't fluctuate that fast. It is relatively easier to manage stops and even something goes wrong, there is a hefty dividend to thank you for holding the bag. In the long term, the few remaining telecom stocks would be a great hedge against a meltdown related to the high-flying tech bro ones! I will be more than happy to put my pocket change towards buying each support zone for the next 3-6 months or so.

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