AT&T has given a breakout of a falling trend line on a daily time frame, from the past 3 days the security has been closing with a strong bullish candle confirming that the breakout is valid. A gap up during the breakout suggests a breakaway gap that is not easily filled and which indicates a strong move ahead.

The prices are trading above the Fast (18) and Slow (45) EMA indicating a positive trend. 

The momentum Indicator MACD is indicating a positive trend with the MACD line crossing the signal line from below and trading just above 0.

Hence based on the above technical one can enter long in AT&T

Rising Trend Line Breakout

Sep 20 2023