Foren & Soziale Netzwerke zur TRINSEO Aktie

 

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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AT&T is not something we see in the finance news that often nor has the sexiness of the Silicon Valley names, but, since July of 2023, this company has been on a tier. Seem like the new CEO knows what he's doing and combined with missteps from the competitors, T has seen a 100% move up from the bottom. At the moment a bounce is most likely incoming along with the general markets. But after that I would expect another leg down to 0.764 fib level or a bit lower to confirm support and then move up from there. At some point this stock could be one of the best defensive names if overall economy slides into a recession.