Stocks

T-Mobile US may rise to 188.10 - 190.60

2024-06-09

176 is our pivot point.

Our preference

The upside prevails as long as 176 is support.

Alternative scenario

Below 176, expect 171.9 and 169.4.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 168.8825 and 165.0154).

Supports and resistances

193.1 **

190.6 *

188.1 **

185.7

179.82 (USD-last)

177.7

176 **

171.9 *

169.4 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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