T-Mobile US may rise to 167.40 - 168.80

Our pivot point is at 160.5.

Our preference

As long as 160.5 is support look for 167.4.

Alternative scenario

The downside breakout of 160.5 would call for 158.4 and 157.1.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (163.591) but above its 50 day moving average (162.4747).

Supports and resistances

170.1 **

168.8 *

167.4 **

166.3

163.58 (USD-last)

161.3

160.5 **

158.4 *

157.1 **

Number of asterisks represents the strength of support and resistance levels.