TMUS printed an indecisive doji candle on the daily on 01/24/22 followed by a green candle that touched a older demand zone. Seems like the market was torn on Monday, and decided to make a small gain today. I am long TMUS, and the rest of this week we'll see what happens in the demand zone around ~$107.50. If it enters this zone and bullish candles remain, it should break out. Next stop is about ~$118 and will probably be swayed in that direction (or not) by the guidance in the upcoming earnings. I'm expecting to enter the demand zone and break out, but the rest we'll have to wait and see.
I took some March 120c earlier based on bullish divergence in the RSI on the daily but will probably close trade if it breaks down below 100, or earnings is miserable. I'm hoping to exit most of them around $120 mid Feb.
I took some March 120c earlier based on bullish divergence in the RSI on the daily but will probably close trade if it breaks down below 100, or earnings is miserable. I'm hoping to exit most of them around $120 mid Feb.
Trade active:
Still relevant.