Show

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TMUS stock price rebounded from the support and attained neutrality.</a> </li> 
 <li> <span>2</span> <a>Bulls are rescuing the gains and are looking to retest the $150 level.</a> </li> 
</ul> 
<p>T-Mobile stock (TMUS) price showed a bounce from the support of $125 and persisted in recovering from the last sessions amid the recent fall below crucial MA.</p> 
<p>Moreover, the recovery formed a rising channel, showing investors’ attention and demand for the stock.&nbsp;</p> 
<p>TMUS stock must surpass the 200-day EMA to rescue the momentum and attain fresh bullishness above it. Furthermore, the stock regained strength and approached the 20-day EMA, which reacted as a barrier.</p> 
<p>The chart shows that TMUS stock stayed in a consolidation range for the past months and recently fell below the neckline of $150, which led to a breakdown. Amid the breakdown, TMUS stock managed the gains near support of $125, regained strength, and again entered the buying region.</p> 
<p>Moreover, the price action shows that TMUS <a href="https://www.thecoinrepublic.com/2023/07/18/sbac-stock-nasdaq-sbac-falls-below-20-day-ema-what-next/" target="_blank" rel="noopener noreferrer nofollow">stock</a> has retested the support range, and bulls are looking aggressive to surpass the 200-day EMA. However, there is a strong supply zone near $150, which bulls cannot crack and face rejection.</p> 
<p>T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.</p> 
<p>At press time, TMUS stock was traded at $138.45 with an intraday gain of 0.33%, showing neutrality in the overnight session. Moreover, the trading volume increased by 2.18% to 5.262 Million, and the market cap is at $166.125 Billion.</p> 
<p>As per the stock technicals, analysts maintained a strong buy rating and outperformed, indicating better performance for the upcoming months.</p> 
<h2 class="wp-block-heading" id="strong-daily-charts-show-tmus-rebounded-from-support-strong"><strong>Daily Charts Show TMUS Rebounded From Support</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/nr8GX3ApeeUbIE3BscgJZUAbBXgJgSy-hOp7gvV3FD8jFhv9tIS1qTSpNRh8IqfrccaLuMk8PWNU10-P07-YUpWlx8QrN2uesRFkEPyrxJX_BGCPOhC0r1EOMk-YkloYz-c26FaJisBicf6CRAUY3A" alt="T-Mobile US Inc. (NASDAQ: TMUS) Revamped From the Bottom of $125"> 
  <figcaption class="wp-element-caption">
    Source: TMUS Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, TMUS stock showed a rising parallel channel and recovered from the demand zone. Furthermore, the remaining gap was filled, and the stock awaited a further surge above $140. TMUS stock stayed in the congestion zone and stuck below $150, showing range bound structure.</p> 
<p>As per the Fib levels, TMUS stock traded near 50% and was looking to sustain above it to gain traction. Moreover, the price is gaining momentum by attaining consolidating above the mid-bollinger band.</p> 
<h2 class="wp-block-heading" id="strong-short-term-chart-show-range-bound-structure-strong"><strong>Short Term Chart Show Range Bound Structure&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/laU6J7M0m4_1N2hepQKXKbYnBsvwcnTWmmaN4LMagg-9dtRxfFcR0J3sj7KKL1lrgcTGORCZ9i0okh1BDQ89qTvJR5mqpES8nyODchPlKK2h3PCDCAju5M4bhucxgTpqAhFN0A9HhEVbN5FsQZScJw" alt="T-Mobile US Inc. (NASDAQ: TMUS) Revamped From the Bottom of $125"> 
  <figcaption class="wp-element-caption">
    Source: TMUS Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, TMUS stock paused and recovered the support and is waiting for a another bounce. Moreover, the price is approaching neutrality and is attempting to surpass the $140 neckline.</p> 
<p>The RSI curve falls below neutrality, and stayed near the selling region showing a negative crossover in the overnight sessions, indicating selling pressure on the stock.</p> 
<p>The MACD indicator shows a bearish crossover and indicates profit booking in the charts.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>T-Mobile US Inc. (TMUS) stock recovered from the support, waiting for the breakout above the neckline of $140 to extend the rebound.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<p>Support Levels: $130</p> 
<p>Resistance Levels:$150</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

T-Mobile US Inc. (NASDAQ: TMUS) Revamped From the Bottom of $125

Tabla de contenidos

Thecoinrepublic.com

Otros artículos publicados el 19 jul 2023

SEC Chairman Talks About Cryptocurrencies

LTC Whales accumulate 590,000 coins worth $59 million in 48 hours, indicating a surging demand

Binance Temporarily Pauses Some Market Order Functions for All Spot and Margin Trading Pairs

Société Générale’s ‘FORGE’ Receives France’s First Crypto License

MarsDAO Ecosystem — June Digest

Bitcoin Exhibits Downtrend, Signals a Bear Trap: Says Analyst

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!