$TMUS Daily RetracementLet's see if we get a .382 bounce or if they take it down to the .618 , in which case I'd be loading.
I'm Bullish and like the technicals on the longer time frame and have posted charts , however if you're day trading and/or like Fibonacci levels, beautiful price action here.
Let's see how they close the year!
TM5 trade ideas
$TMUS WeeklyStill holding JAN 21 $120 calls on TMUS
MACD cross and holding nicely after a solid bounce at support (hammer candle)
I'm looking for a move to $123.5 and a rally similar to first week in NOV' 20
A break below $114 I'll exit the trade at a loss.
Worth having on your radar, as I believe this may be a pivot point and the start of an uptrend.
$TMUS Weekly updated T Mobile swing trade working, JAN 120calls up 18% now . Should have loaded more after hammer candle but had plenty of risk on already.
Momo turning with weekly MACD ready to cross (bullish confluence).
Want to see continuation and EMAs to cross, also need to chew through overhead $124 supply. If this holds will expect another leg up. Been anticipating a "NKE like" move since NOV.
Good ER and plenty of tutes buying thinking Q4 - Q1 2022 ripper.
$124 first PT then see how price action is at that level.
Trade remains valid so long as higher lows are put in.
TMUS Weekly Options PlayDescription
TMUS began its bear market following the major trendline break in August. It has now broken through major support at 108.5 established SEP - OCT of 20'.
The break through 108.5 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 108.5
PT : 92
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 100P
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
$TMUS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TMUS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
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$TMUS Weekly Pivot Point to be confirmed (or rejected) this weekGreat ER pop as T-Mobile was entering strong demand zone.
What a coincidence :)
See if we get a confirmed pivot point this week... possible some retracement, but MACD and Williams %R indicators showing bullish confluence of a pivot point here.
Closed DEC calls up nicely, still holding JAN $120c up +66%. Stop loss just above break even.
With confirmation I think near term we see a move to $130 zone resistance, and then ATH , similar to the recent NKE move (sold my calls too soon wow Nike ! )
$TMUS WeeklyLooks like a good entry for a long here as an idea on TMUS weekly. Over sold, at a good support zone, with 150EMA below for stop loss target.
ER this week wouldn't be surprised if it sparks a pivot point here to at least get a bounce similar to Nike's (NKE) recent price action.
I'm in DEC and JAN $120C
Price target at least $130 for a head and shoulders pattern/relief bounce , or extreme bull case - continuation of the longer term uptrend to all time highs.
TMUS - wekly chartWeekly analysis, meaning that this analysis concerns the medium-term investor
Important weekly support at 115.89, if prices close below it as a weekly close, the cup and handle pattern is confirmed
The target becomes 81.50, with a drop of 30.00%.
Stop losses if it closes weekly above 122.66, with a loss of 5.75%
Trading plan: T-MobileThis thing gapped up one year ago, finally comes back down 190 bars (1D) later for a pullback.
Chart Setup:
- Timeframe: Daily
- Backtested using this strategy to scan for reversals (could be false, but decent win-rates to convince that it could be sometimes be true)
- Using price gaps to identify trends, then using volume profile - fixed range (VPFR). to map out areas of support/resistance
Observations:
-137-150 range was fake, not enough volume to support it, POC (red line) remained at 130 throughout the VPFR period
- couldn't break out of 130 on Sept 22
- drew another VPFR, this time from Q1 of FY2020 extending up to today, noticed that 103-115 is an area of value, good supports here.
- 12 month targets average out 170, a whopping 30% difference below target (much lower than Verizon's current price relative to its own average target)
Bias: Long.
Disclaimer: not an investment advice
Pull Back FishingPossible Double Bottom.
TMUS has pulled back a lot since it's high of 150.20. Negative moving average crossovers noted including the 50 crossing down through the 200 which is known as a death cross. I have noticed when a security is at the bottom, moving averages look awful as a rule and they are lagging indicators, but something to be aware of. Price is the here and now. Many will not trade a stock that is under it's 50 SMA and some will not trade a security under the 200 SMA and that is a good idea. As a rule the security is in a nice uptrend when all of the moving averages are in order with the smallest on top and all sloping up with positive crossovers. You just will not find many at the bottom with sparkling moving averages. The 200 is still gently sloping up, indicating long term this is still okay.
Price fell outside the bottom band on 80 after multiple groups of RED candles. Red candles are bearish of course, but flushing sellers out can be bullish in the end as the sellers diminish and buyers come in. When the last frightened seller liquidates, things sometimes turn around.
And the bottom is not always the bottom )o: It can be even harder to trade deep pull backs and bottoms than it is to trade tops. A security may seem dirt cheap at the levels you see, but even dirt can get cheaper so trading down here can be hazardous to your mental health and is not for the faint of heart. I suppose in the scheme of things, any trade can turn against you.
Possible stop under lower bottom, 115.89. There is a pocket pivot under this first bottom.
No recommendation.
Negative volume is high. Short interest is 2.48%.
TMUS longEntry price: 129-131$
Target 1: 135-137$
Target 2: 142-144$
RSI: the asset is oversold, therefore pullback might occur in the near future.
Keltner Channel: The price under the lower band.
Conclusions: RSI and Keltner Channel suggest the bullish momentum of the asset, moreover, the price oscillates on the support level. Therefore the long position is recommended in that support zone.
Above information should be treated as informational/educational advice, no financial advice.