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...
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 ...
There's a lot going on with T-Mobile 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...
The TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The...