T-Mobile US may rise to 173.30 - 174.90

Our pivot point is at 165.3.

Our preference

The upside prevails as long as 165.3 is support.

Alternative scenario

The downside breakout of 165.3 would call for 163 and 161.4.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (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 164.412 and 162.8395). Finally, T-Mobile US is trading above its upper Bollinger band (standing at 167.82).

Supports and resistances

176.2 **

174.9 *

173.3 **

172

168.93 (USD-last)

166.1

165.3 **

163 *

161.4 **

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