Growth is possible.

On the daily chart, the downward wave of the highest level B ended, and the upward wave C and the first entry wave 1 of C form. Now, the third wave of the lowest level iii of 1 is developing, within which the correctional wave (iv) of iii has formed, and the wave (v) of iii is developing. If the assumption is correct, the asset will grow to the area of 31.00–34.00. In this scenario, the critical stop loss level is 26.20.

Shares of AT&T Inc., one of the largest American telecommunications conglomerates, are trading at 27.00.