Equity Oracle: 04/19/2012

Last week an alert went out to buy AT&T when it was trading a little lower than it is today. I had set a price target at the top of the resistance around 31.70 but the stock is showing signs that it doesn’t want to go there right now. In order to eliminate the risk, it’s time to close this position a little early and take the small profit that the market is giving us right now. You can also see that the volume is steadily dropping as the Doji and Spinning Top candles start to show. This is a sign of indecision that tells us the buyers are not committed to moving the stock higher at this point in time.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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