T headed for 25

T headed for 25

A few weeks ago a reader requested a chart for T and I have it a price target of 28.6-29. Since then it has hit my target and has since sold off pretty severely.

Currently T has closed below it's 200 day ma, which is a very bearish sign. But I think T will find support at 25. I will be watching for T to base at 25 before initiating a long play. In the meantime I will consider selling 24 or 25 strike puts.

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