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 $71 just in case earnings disappoints.
TMUS - technology sector
Provides mobile communications services in the United States
It reported positive financial reports two months ago
Note that TMUS Is at all times high.
OBV supports the proposed direction
RSI is close to Overbought rate
You can wait for correction. Then a breakout of 74 level. After it'll become a support level, I'll check for long entry...
TMUS formed a nice double top pattern at the daily chart
Enter a short around 70$
Stop loss at resistance level around 74$
Price target = Breakout point (70$) - Height of the pattern (Resistance - Breakout ~ 4$) = ~ 66$
This chart is complicated. The price is over 30MM. If you think in long-term, it's in phase 1 with an established resistant in $70.76.
I think it is in phase 1, otherwise, is in stage 3. If the price breaks the resistant, it will be in phase 2.
TMUS long idea at this price range looks great.
Target above 60 USD with stop loss as per chart. Entry price can be around 57.50 to 58 USD
For Options, January 2019 and January 2020 looks great.
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...