American Tower Corp: How Can You Effectively Trade AMT, In A Sideways Market With A Bullish Trend?

Since the beginning of June, AMT has established a $25 price consolidation zone. Our main trend is bullish, so we will be looking for the same move again as this is the easiest way to trade with a higher chance on our side.

Short Term Technical Analysis

In the daily chart price is trading in a sideways market. In the past, the price has tested 200 EMA several times and has continued the move with the main trend.

In the 4-hour chart price is creating an inverse head and shoulders pattern. This is a great signal that price may continue to rise again, given that this pattern is close to the 200 EMA on the daily chart.

If this analysis proves to be correct, then we can look at the price test $261 and $268.51.