T-Mobile [1d chart] - Hangin' at Support, Upside in a Neat Range
There's a lot going on with
TMUS
lately.
Despite the Great 5G Debate, regulatory concerns, and a third-times-the-charm merger attempt with Sprint, T-Mobile is trading in a somewhat predictable, relatively established range.
Thank you in advance for your attention!
The fundamentals of the stock put it in a precarious spot with outside uncontrollable governmental and economic forces dictating the speculative sentiment of its price, but from a technical standpoint,
TMUS
is offering buyers a cheap entry point at the bottom of a short-term trading range that nicely corresponds with some more established, longer-term historic support zones.
T-Mobile might be at the bottom of a nice, neat range, but the price activity of the last few trading days may indicate a bear flag situation tracing out, which could presumably send the stock price down into the ~$51.50 USD area - but, with price already at historic support and the support of the recent trading range, traders can make a case for a bear flag not playing out at all in the next few days, and T-Mobile returning to recent highs of $65.00-$66.00 in the next couple weeks - or higher in the next couple months.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
TMUS
lately. Despite the Great 5G Debate, regulatory concerns, and a third-times-the-charm merger attempt with Sprint, T-Mobile is trading in a somewhat predictable, relatively established range.
Thank you in advance for your attention!
The fundamentals of the stock put it in a precarious spot with outside uncontrollable governmental and economic forces dictating the speculative sentiment of its price, but from a technical standpoint,
TMUS
is offering buyers a cheap entry point at the bottom of a short-term trading range that nicely corresponds with some more established, longer-term historic support zones. T-Mobile might be at the bottom of a nice, neat range, but the price activity of the last few trading days may indicate a bear flag situation tracing out, which could presumably send the stock price down into the ~$51.50 USD area - but, with price already at historic support and the support of the recent trading range, traders can make a case for a bear flag not playing out at all in the next few days, and T-Mobile returning to recent highs of $65.00-$66.00 in the next couple weeks - or higher in the next couple months.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
