T: Is it time?AT&T IncNYSE:Tmukit1This week T had a really nice looking bounce from the fib golden zone area of the 2026 low and high. This is also a very long trendline support going back to 2023. Not shown in the chart, but, the bounce this week can be subdivided into 5 waves that is already complete or soon to be complete early next week. What we need to see is the retrace does not go back and test the bottom of the weekly wick. Rather we want to see a short correction followed by another strong move to the upside to test the $27-$28 area. EW perspective, we should have minor degree wave 1 and 2 complete and the beginning of wave 3 of 3 of 3 of 3 is under way. This should be the strongest wave of the entire price history of the stock. Fundamentally, T is in a very strong position. All the mess with becoming a media conglomerate is in the rearview mirror. The board has a clear direction for the management, and they are executing on their strengths. They are building somewhat of an all-season business without the distractions. Their debt levels are still high, but each quarter progress is being made. Even with geopolitical issues around the world, this business seems sound. Being one of the biggest dividend issuers doesn't hurt either. The question right now is, if this is the time to buy. For me, the answer is yes. If price comes back to $25.9 area, it will be my entry zone. With stop loss set to the bottom of this week's wick. This entry target may shift a bit depending on if the rally continues or takes a break here. If the rally keeps going, then I would start to nibble on each pause and bring up the stop loss accordingly. Overall markets are getting a bit frothy again, so, some correction would be ideal. Keeping my eyes open and dry powder ready!!!