AT&T continues to rise after the recent sharp reversal from the support zone lying at the intersection of the upper channel line of the wide daily down channel which has enclosed the earlier primary ABC correction from April of 2013 (acting as support now after it was broken in last month) and 38.2% Fibonacci Correction of the preceding sharp intermediate impulse (1) from February.
The latest reversal form this support area created the strong Japanese candlesticks reversal pattern the Morning Star Doji. AT&T is set to rise further to the next buy target at 36.90.
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