TMUS T Mobile Short Idea
TMUS - the street liked recent ER with a nice pop up to 122 zone resistance. So far unable to break higher however still holding.
With the gap below, I'm speculating on a move to the down side, retest trendline / close gap before seeing more upside.
Will be watching this week if price holds or continues up I will close my short at a loss.
At the very least I'm expecting some retracement after such a move up on relatively weak name.
A break above 122 will flip and go long, as trend will now be up on the shorter term daily look.
With the gap below, I'm speculating on a move to the down side, retest trendline / close gap before seeing more upside.
Will be watching this week if price holds or continues up I will close my short at a loss.
At the very least I'm expecting some retracement after such a move up on relatively weak name.
A break above 122 will flip and go long, as trend will now be up on the shorter term daily look.
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