T AT&T Daily Chart Rising Wedge Negative Divergence

T is the top performing divvy stock held far and large by many funds and individuals. Phenomenal move from December, 27 to 34, 26%.  The red lines show the rising wedge and near overbot conditions with negative divergence across the board.  The weekly chart is negatively diverged as well although a momo move like this needs to top with a double top or other rolling top behavior before completely rolling over.  Thus a spankdown should occur to the 20-day MA and/or gap fill at 33-ish, then up again for a matching high, then roll over. Keystone started shorting T today focused on the intial move off the top for starters. Note the current doji candle. Doji's tend to signal a trend change. The divvy stock bubble has been building this year, with T, the poster child of divvy stocks, rolling over, this may be the signal for the top in the divvy move. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.   Consult your financial advisor before making any investment decision.