T-Mobile US may rise to 234.20 - 237.80

Our pivot point stands at 216.9.

Our preference

The upside prevails as long as 216.9 is support.

Alternative scenario

Below 216.9, expect 211.1 and 207.6.

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 211.337 and 203.7102).

Supports and resistances

241.2 **

237.8 *

234.2 **

230.9

222.77 (USD-last)

219.1

216.9 **

211.1 *

207.6 **

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