The Bears Board

[bratby]

Bearish Techncial Outlook for $T and $VZ

On AT&T, $T The elite software says we are down and Rangy. I agree with that and believe that this new low at $40. Is the start of something new and price will continue down to daily demand at $38.74. Again I’m looking at price pushing up just a little bit to hit brand new fresh supply before continuing to the downside. Last years low is at $36 and I would be looking for that to possible happen here long term. For this week’s forecast I’m looking for price to start to Trend now to the downside as we have broken out of the range.

On Verizon $VZ this week. Price has broken through 48.00 which has also broken through the bottom of a range that price was in. It will likely continue down to $47 to 46 daily demand zone and last year’s low as the market moves from a rangy condition into a trending condition. I would like to see just a little retracement back up into $48.50 area before continuing down this coming week.


Watch the complete Techncial Analysis Video over multiple time frames HERE >>>>>