• AT&T reversed from resistance level 31.80
• Likely to fall to support level 30.00
AT&T recently reversed down from the major resistance level 31.80 (top of the previous wave (2) from December) – standing well above the upper daily Bollinger Band.
The downward reversal from the resistance level 31.80 created the daily Japanese candlesticks reversal pattern Shooting Star. AT&T is likely to fall further toward the next support level 30.00. Strong resistance remains at the resistance level 31.80