1TMUS trade ideas
TMUS Bollinger Bands has narrowed to near 6-month lows.
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 the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
TMUS good entry Buy, higher all the way to Memorial Day Weekend 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 The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must also form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average vo lume
T-Mobile [1d chart] - Hangin' at Support, Upside in a Neat RangeThere'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.
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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.
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See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
T-Mobile US - Daily Price Action Analysis | Bat PatternThe 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 bears are going to sell sometime soon and it is the best area to do so.
In addition, TMUS formed a bat pattern, which increases the probability of this setup and provides the entry and exit points. Plus, nice risk/reward ratio.
T1- 38.2%
T2 – 61.8%
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Bearish BatBearish Bat with bearish divergence. Momentum is slowly changing to the downside and this is a pretty extended bat pattern, so I don't mind that price shot through the potential reversal zone. If we can get price to stabilize in the zone, then this could be a nice option play.
Measurements
- .886XA
- 2.618BC
- 1.618AB=CD
Cup and Handle Pattern?We see a Cup and Handle pattern starting on the 10/30/17 selloff when they announced that the merger between NASDAQ:TMUS and NYSE:S was officially off after years of talk. Once price recovered and hit the $62s level again on 11/27/17, we see a slight decline, as people who bought in at that level were looking to get out. The price is finally back at the mid $62s finishing the Handle pattern. Will we see a breakout next week?
Can Something happened? This stock had some action yesterday. Today outside day and, ended in a green hammer and, now we are going to have a watch if this stock plays dead and, roll over or this support and, bounce. On the 60 it's just a mess. I'd expect that this would expand or possible pop up and, make something happened