AT&T week-10 decline: double bottom in the 22 area, but resistance holds firm

AT&T is in week 10 of a sell signal, with the trade up 14% since entry. The latest week closed up 3.2% — a technical bounce driven by buyers at 73% — but the underlying structure remains bearish: MACD is negative and deteriorating, CMF still in distribution territory. A double bottom pattern has formed in the 22 area on the daily chart, suggesting temporary price support, but the pattern is weak and our model flags this as elevated-risk for new operations.