T – Simple Trading Setups – 15 October 2013

simple trading setups

The reconstituted “Ma Bell” is testing an important Support Zone from above for the second time.  AT&T is a great candidate to stalk on a lower time zone with a long bias. 

That bias on T will remain to the upside unless and until price breaks down through the long term Exponential Moving Average (red) and/or the bottom of the Support Zone (white rectangle).