T And Why We Look At Both Daily And Weekly Chart

If you only look at daily charts you might be a SELLER too early. The daily chart for T is quite ugly as the slide below the 20 DMA and 50 DMA has continued. Long term oversold on daily chart.

The weekly chart has T inside our long term bounce zone with 35.90 as the lower level. A close BELOW 35.90 is needed to exit longs. Long term oversold on weekly chart.

Disclaimer: As a subscriber, you understand and agree that no content published on THE FIBOCALL LLC website “known as “FIBOCALL” or any e-mail transmitted by FIBOCALL constitutes a ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with
Alpha Stockman 7 years ago Member's comment

Great as always, Gary!