$CCI - RC -
Added 2023-07-25 12:27:00 +0000 UTCI can see an ABC structure here after topping out at $209.
The price has pulled all the way back to the 0.78 Fib which is also a blue support line for us going back to 2018 - 2019.
I need to see more before confirming a reversal, breaking out of this strict downward channel would be a good start
But I like how the confluence level was at the 0.78 Fib and a historical support line.
Wait for more price action to determine the reversal before getting in.
Comments
nice dividend play here and down for quite a while. Regardless of whether you like VZ, ATT or T-Mobile; these folks support them all. I have been scaling in and want one more chance to add for the long term dividend portfolio. Down in part due to loss of revenue from Sprint merger.
Chemguy
2023-07-25 13:07:19 +0000 UTC
