T-Mobile [1d chart] - Hangin' at Support, Upside in a Neat Range
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 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! **
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 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! **
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.