AT&T strives to pierce pivotal resistance - Analysis - 15-08-2019

AT&T's stock fell in the intraday levels after the pivotal resistance of 34.28 held on, as traders collected profits while the stock gathered momentum to help it rise anew and vent off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

Therefore we expect the stock to rise, provided the resistance of 34.28 was breached, targeting the next one at 36.29. 

Expected trend for today: Bullish