The share of AT&T (WKN: A0HL9Z) is based on the cyclical high from 2016 at USD 43.89 intact long-term downward trend on. It last hit a 30-year low of $13.43 in July. The high volume sell-off seen there led one medium-term recovery trend one that could now face a sequel. After a downward correction lasting several weeks to USD 14.12, the stock reacted yesterday with one bullish price gap to the publication better than expected quarterly figures. Accompanied by the highest Trading volume it has jumped up since July last year 4 week high and is thus approaching the historical high of USD 15.73. Potential next price targets are $15.73/$15.80, $16.00, and $16.23. Above the latter mark, the technical picture would continue to brighten with a possible target area at USD 16.75-17.19, where, among other things, the falling 200-day line is currently located. Looking at the bottom, a possible setback should ideally be in the area at the latest $14.63-$14.92 meet with buying interest in order not to endanger the recovery trend. It would immediately become bearish again in the event of a breach of the critical support zone $14.12-$14.53 at the end of the day. Then a return to the low at USD 13.43 with an intermediate stage at USD 13.89 would be favored.