Stocks

T-Mobile US may rise to 186.80 - 189.70

2024-06-20

Our pivot point stands at 171.9.

Our preference

As long as 171.9 is support look for 186.8.

Alternative scenario

Below 171.9, expect 167.1 and 164.3.

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 above its 20 and 50 day moving average (respectively at 173.625 and 167.0978).

Supports and resistances

192.5 **

189.7 *

186.8 **

184

177.61 (USD-last)

173.6

171.9 **

167.1 *

164.3 **

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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