Long-Term Investment (Cup-N-Handle)Just came across this today. Incredible long-term investment, completed and confirmed bullish cup-n-handle formation to $120.
Measure the low-to-high of the cup at a 90° degree angle as if it were straight. Now, because the formation is a little obtuse, what you wanna do is use the same trajectory as the second quarter of the cup (before the handle), and continue the trajectory upward by equal distance from breakout point (as measured in the cup). It is highly likely to arrive at the calculated target.
Always loved this company, they deserve this great formation.
Trade ideas
T-Mobile - DONT Bet Against it Large cap stock with trend line support. Excellent growth and a future merger with Sprint will unlock huge value. I have accumulated positions here and will add upon breakout. My stop is a close below local low and trend line support.
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Daily TMUS stock trend prediction analysis12-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak buying flow to a strengthening buying flow again.
read more: www.pretiming.com
Forecast D+1 Candlestick Color : GREEN Candlestick
%D+1 Range forecast: 2.6% (HIGH) ~ 0.4% (LOW), 1.5% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.5% (LOW), 1.1% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -1.4% (LOW), -0.5% (CLOSE)
TMUS T-Mobile trying to break out, earnings may help.TMUS has a Strong Buy rating among analysts and the chart is also pointing us towards a long entry prior to earnings. The $74 level has acted as resistance for over a month but today's earnings may be the final blow to knock through. We would look for a run to $85 on that break with a tight stop loss around $71 just in case earnings disappoints.
TMUS at all times high for a long playTMUS - technology sector
Provides mobile communications services in the United States
It reported positive financial reports two months ago
Note that TMUS Is at all times high.
OBV supports the proposed direction
RSI is close to Overbought rate
You can wait for correction. Then a breakout of 74 level. After it'll become a support level, I'll check for long entry with a stoploss below 74
Worth a follow up.
This is not a recommendation to buy or sell.
TMUS Bollinger Bands has narrowed to near 6-month lows.
In trading on Thursday, shares of T-Mobile US Inc (Symbol: TMUS) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $55.23 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 51.9. A bullish investor could look at TMUS's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
TMUS good entry Buy, higher all the way to Memorial Day Weekend This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of the cup, has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occur. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must also form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average vo lume






















