T-Mobile US may rise to 204.40 - 207.90

Our pivot point is at 183.8.

Our preference

The upside prevails as long as 183.8 is support.

Alternative scenario

The downside breakout of 183.8 would call for 177.9 and 174.6.

Comment

The RSI is above its neutrality area at 50. 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 180.081 and 177.3036). Finally, T-Mobile US has crossed above its upper daily Bollinger band (187.65).

Supports and resistances

211.6 **

207.9 *

204.4 **

200.9

188.76 (USD-last)

186

183.8 **

177.9 *

174.6 **

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