AT&T $T has been bearish in 2017, but could be shifting to a sideways market if not a bullish one. T Daily Chart(click to enlarge)2017 Range; V-Shape Reversal:- Price went from a high around $43 to start the year to a low of $32.77 by November. - Since November, we saw a 2-month sharp rally that pushed price up to $39 before stalling again. - This can be considered a V-Shape reversal, which is a sign that bulls could be taking over.- However, note that a similar V-Shape reversal in November of 2016 did not pan out. What makes this time different?36.00 is Critical:- I don't think there is any significant difference between the last V-shape reversal and the current one. - But, I would say that if price can hold above $36, the current one will look more valid. (In 2016, I would have wanted price to hold above the 39.50 area as a confirmation for the V-shape reversal.)- If price holds above 36, it would confirm respect to this common support, which would turn the pressure back on the 39.50 area resistance.- Also, price would bounce off of the 200- and 100-day simple moving averages, which would be a strong bullish reversal sign.- Lastly, the daily RSI would hold above 40, which is another strong sign of developing bullish momentum.