Growth is possible.

On the daily chart, the downward wave of the higher level B ended, and the upward wave C started, within which the entry first wave 1 of C forms. Now, the wave iii of 1 is forming, within which the wave (i) of iii has formed, a local correction has ended as the wave (ii) of iii, and the wave (iii) of iii is developing. If the assumption is correct, the asset will grow to the area of 20.00–21.60. In this scenario, critical stop loss level is 17.00.

Shares of AT&T Inc., one of the largest American telecommunications conglomerates, are adjusting at 18.06.