T-Mobile US may rise to 187.40 - 190.20

Our pivot point stands at 173.5.

Our preference

As long as 173.5 is support look for 187.4.

Alternative scenario

The downside breakout of 173.5 would call for 168.8 and 165.9.

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 above both its 20 and 50 day moving average (respectively at 176.0215 and 168.4306).

Supports and resistances

193.1 **

190.2 *

187.4 **

184.5

177.64 (USD-last)

175.3

173.5 **

168.8 *

165.9 **

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