Nov. 13 at 12:56 AM
$TMUS is currently trading at
$212.05, with an RSI of 35.08, indicating it is in oversold territory. The price is below both the 30-day moving average (MA30) of 220.19 and the 50-day moving average (MA50) of 228.69, suggesting a bearish trend. The recent 60-day high of 261.56 and low of 199.41 indicates a volatile range, with the current price closer to the low.
Directional bias leans bearish due to the RSI and the position relative to moving averages. However, a potential reversal could occur if the price approaches the lower end of the range.
Suggested entry:
$201.00 (near the 60D low).
Stop:
$196.00 (below the recent low).
Targets:
$220.00 (near MA30) and
$228.00 (near MA50).
Monitor for signs of reversal or increased volume to validate entry.
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