Growth is possible.

On the daily chart, the downward wave of the higher level B ended, within which the wave (C) of B formed, and the development of the upward wave C started. Now, the entry first wave 1 of C is forming, within which the wave of the lower level i of 1 has formed, a local correction has ended as the second wave ii of 1, and the wave iii of 1 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 15.90.

Shares of AT&T Inc., one of the largest American telecommunications conglomerates, are adjusting at 17.00.