Clearly time to SHORT... I couldn't help myself... as I'm watching the Super Bowl I seen a NASDAQ:TMUS commercial and felt it was only appropriate to look into the chart.
I noticed a recent visit to the Current Resistance level and thought I'd better point this out to my fellow TradingView investors. As you can see I drew a caution W in yellow, as that is the route I see ahead us... please don't get me wrong, this stock has been on a long term Bullish Run and that will continue for quite some time. However, as you can see, once it reached it's Resistance level... it was followed by a significant pullback to Support, which currently sits at 230.66. With that being said, I am definitely interested in jumping into a short term Put and expect to take some profits on the way back down.
The 225 Put expiring on 3/14 at a cost of .98 is very enticing!
Again, as I've said before... I am not a financial guru and definitely not your financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself.
Last and definitely not least, to me, the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough.
Good luck on your trading journey ladies and gentlemen!