T-Mobile US may rise to 229.90 - 233.60

Our pivot point stands at 210.7.

Our preference

The upside prevails as long as 210.7 is support.

Alternative scenario

Below 210.7, expect 204.2 and 200.5.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 206.864 and 201.3218).

Supports and resistances

237.5 **

233.6 *

229.9 **

226

217.04 (USD-last)

213.1

210.7 **

204.2 *

200.5 **

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