Telecom Industry stocks hit the wall of Market Saturation some time ago. TMUS has a pattern that indicates a controlled selling mode of larger lots before the earnings report. There has been more volume to the downside and money is flowing out of the stock while the price action develops a narrow sideways range. Risk for a breakout to the downside is high.
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.