Short

T-Mobile - 30% Opportunity for Short Trade?

Fundamental Indicators:

Revenue- 2022 TTM shows slowdown compared to the previous year
Profits – falling since 2017, negative cash flow
Net margin - very low with just 2.14% and consistently reducing since 2017
P/E – extremely high at 107 compared to S&P500 with 21
Liabilities - debt ratio is at 0.67 which is within normal limits, Net Debt/ EBITDA is at 3.36 – no problems with debt
Conclusion – it is very likely to start correcting

Technical Analysis (Elliott Waves):

Main scenario of this idea suggests that the high that was formed in July 2021 has completed the global growth cycle which can be observed in a higher timeframe through a five-wave impulse
Since then, we can see first impulsive move to the downside in wave A and currently forming deep correction in wave B
Using Fibonacci retracement levels, we can see that blue wave X is very near completion and a new bear cycle is soon to start
The target area for this move is the previous low of wave A at $101

This is a higher timeframe to reflect the full history of T-Mobile and to provide full wave count:
https://www.tradingview.com/x/AGZ1sHcv/

What do you think about T-Mobile and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.

Thanks

vitalalyt

In search of the optimal signals

vitalalyt

In search of the optimal signals

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