Trading Idea: AT&T (T) — Deep Value Accumulation with Asymmetric Upside AT&T is trading near a long-term value zone after years of underperformance. The $26–27.5 area stands out as a demand region where price has historically stabilized, suggesting potential accumulation. The structure points to a base-building phase, where downside momentum is fading and long-term investors may begin positioning for a recovery driven by stable cash flows, debt reduction, and improved focus on core telecom operations. Plan: Entry Zone: $26–27.5 (scale into position) Stop Options: Aggressive Stop: $24 (tight risk, higher chance of being stopped out) Conservative Stop: $19 (allows volatility, lower chance of premature exit) Targets: TP1: $35–40 (initial recovery / resistance zone) TP2: $55–65 (macro re-rating phase) TP3: $100+ (long-term expansion scenario) Thesis: Strong cash flow + dividend support downside Ongoing debt reduction and restructuring improves fundamentals Positioned in 5G + fiber infrastructure, long-term demand drivers Potential rotation into defensive/value stocks Market could reprice AT&T if execution improves and sentiment shifts Risk: High debt burden remains a concern Slow growth narrative may persist Interest rates pressure telecom valuations Break below key levels weakens long-term structure

This week T had a really nice looking bounce from the fib golden zone area of the 2026 low and high. This is also a very long trendline support going back to 2023. Not shown in the chart, but, the bounce this week can be subdivided into 5 waves that is already complete or soon to be complete early next week. What we need to see is the retrace does not go back and test the bottom of the weekly wick. Rather we want to see a short correction followed by another strong move to the upside to test the $27-$28 area. EW perspective, we should have minor degree wave 1 and 2 complete and the beginning of wave 3 of 3 of 3 of 3 is under way. This should be the strongest wave of the entire price history of the stock. Fundamentally, T is in a very strong position. All the mess with becoming a media conglomerate is in the rearview mirror. The board has a clear direction for the management, and they are executing on their strengths. They are building somewhat of an all-season business without the distractions. Their debt levels are still high, but each quarter progress is being made. Even with geopolitical issues around the world, this business seems sound. Being one of the biggest dividend issuers doesn't hurt either. The question right now is, if this is the time to buy. For me, the answer is yes. If price comes back to $25.9 area, it will be my entry zone. With stop loss set to the bottom of this week's wick. This entry target may shift a bit depending on if the rally continues or takes a break here. If the rally keeps going, then I would start to nibble on each pause and bring up the stop loss accordingly. Overall markets are getting a bit frothy again, so, some correction would be ideal. Keeping my eyes open and dry powder ready!!!

- AT&T reversed from strong resistance zone - Likely to fall to support level 27.00 AT&T recently reversed down from the strong resistance zone between the multi-month resistance level 29.00 (which has been reversing the price from the start of 2025) and the upper weekly Bollinger Band. The downward reversal from this resistance zone stopped the previous weekly impulse wave (3) from the support level 27.00. Given the strength of the resistance level 29.00 and the overbought weekly Stochastic, AT&T can be expected to fall to the next support level 27.00 (low of the previous correction (2)).

Entry conditions: (i) retracement back to short-term moving averages (8/15 daily EMAs), and (ii) observation of market reaction at potential support area of $28.48 (from the open of 11th June 2025). Depending on risk tolerance, the stop loss for the trade would be: (i) below the rising 50 day moving average (currently $27.11), or (ii) below the rising 200 day moving average (currently $26.87), or (iii) below the rising VWAP (currently $26.54).

AT&T remains in a bullish uptrend formation on weekly, and currently it is accumulating with a possibility to break the current resistance and move higher.

On March 3, AT&T Inc. (NYSE: T), in collaboration with Ericsson, unveiled a working prototype of an advanced 5G and Cloud RAN feature powered by artificial intelligence. The demonstration showcased a new AI‑driven capability designed to significantly enhance radio efficiency within the company's next‑generation cloud‑based network infrastructure, marking a notable step forward in the telecommunications company's ongoing efforts to modernize its technology stack. According to management, Ericsson conducted testing of its AI‑native Link Adaptation software using a Cloud RAN configuration that aligns closely with AT&T's planned network deployment architecture. The software was run on Intel's Xeon 6 System on a Chip (SoC), which served as the underlying compute platform for the trial. During the testing phase, the companies successfully completed live calls over spectrum designated for AT&T's operations. The results demonstrated that the AI‑based algorithm delivered throughput improvements of up to approximately 20 percent when compared to traditional rule‑based link adaptation methods, underscoring the potential efficiency gains associated with integrating artificial intelligence into radio access network operations. Company management characterized the test as a critical proof‑of‑concept, confirming that AT&T possesses the capability to deploy AI‑enhanced RAN features at scale using its targeted cloud infrastructure. Rob Soni, Vice President of RAN Technology at AT&T, emphasized the strategic importance of the development in a statement, noting that the company is actively advancing an open, intelligent, and scalable network future by embedding Open RAN and Cloud RAN with AI‑native capabilities as foundational elements. He added that the demonstration illustrates how AI capabilities, when supported by AT&T's next‑generation Cloud RAN platform, can be seamlessly integrated to drive innovation and deliver superior customer experiences. In addition to these technological developments, AT&T has recently been the subject of positive commentary from financial analysts. On February 19, Laurent Yoon of Bernstein reaffirmed a Buy rating on the company's stock, setting a price target of $30 per share. Earlier, on February 11, Jonathan Atkin of RBC Capital also reiterated a Buy rating and raised his price target from $29 to $31, reflecting confidence in the company's strategic direction and financial outlook. AT&T Inc. operates as a global telecommunications and technology holding company, with its business primarily organized into two main segments: Communications and Latin America. Through these divisions, the company provides a broad range of services to both consumer and business customers, including wireless and wireline connectivity, broadband, and digital entertainment solutions, positioning itself as a key player in the evolving telecommunications landscape.

Team, We are not buying now. Price is still trading below major descending resistance (R). As long as we are below R, the structure remains under pressure. ✅ What We Are Waiting For We only buy if: Price breaks above the descending resistance (R) A candle closes clearly above it We see strength (no immediate rejection wick) Ideally: a small pullback that holds above R No breakout = no trade. 🟢 Entry Plan (After Confirmation) Once price: Breaks above R Retests and holds

$T 📸 💡: $T has been on a nice run post er. I would like a pullback into the range from 26.83 - 27.59 to determine if the uptrend can continue or a bigger pullback is underway. 📍28 Pivot 🧲 📈 🟢28 - 28.12 - 28.7 📉 🔴27.59 - 27.38 - 27.12

The reaction from $23 support fueled by excellent earnings and stable outlook has been very positive. I got filled on 1 of 3 orders. I was expecting the price to get down a bit more, but it turned on the top target and had this wonderful recovery. Only thing is, every time in history, whenever T has a price pump like this, it has met with severe downturn and many times, a lower low. The question here is, is T going to start a major bull market of wave 3 of several degrees or are we in for a bull trap that will drag the correction on for many more months. Either way, the good news is, the structure moving up from $23 is a 5 waves move. It is possible to extend the 5th wave a bit more, but more or less the structure looks complete. We need to see a 3 waves move down to $26 to $25 support area. If it takes a little time here to consolidate, that will be good. 5 waves moves are followed by another 5 waves move. So, after a correction, we should expect another move higher. In that next move up, if price stalls at $28 - $30 region or worse, gets a sharp reversal, then a bull trap is most likely at play. Putting a trailing stop loss would be very important. But if T is going to enjoy a long bull market, then the next correction would be a great opportunity to double or triple up. We should see a nice 45 degree price rise just like the run from 2023 to 2025, only to be a longer and higher price action. Add the juicy dividend in the mix and it is a winner in my book! If it is a bull trap and another leg down coming to make a lower low, next low target would be at $21. It is not too bad in the grand scheme of things. I will be doing DCA in the next move down, as long as $13.46 holds. That is the red line for me.

If you haven`t bought T before the rally: Now analyzing the options chain and the chart patterns of T AT&T prior to the earnings report this week, I would consider purchasing the 23usd strike price Puts with an expiration date of 2026-1-30, for a premium of approximately $0.32. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.