T-Mobile presents a compelling long opportunity based on its current technical setup and strong financial performance. The potential for an upside move towards $185 in the short term and $195 in the medium term makes it an attractive candidate for bullish traders. However, always keep a keen eye on market conditions and adjust your trading strategy accordingly.
Short-Term (1-2 Weeks) Price Target: $185 Strategy: Long With the current consolidation phase and bullish indicators, a long position appears favorable. Enter at the current price of $177.42, with a stop-loss set at $172. This stop-loss is strategically placed just below the Ichimoku Base Line and the 20-day EMA, providing a safety net against potential downside volatility. Medium-Term (1-3 Months) Price Target: $195 Strategy: Long Assuming the stock breaks above the $180 resistance level convincingly, the next target would be $195. Maintain the stop-loss at $172 initially, and trail it upwards as the stock moves in your favor, adjusting it to just below key support levels indicated by the moving averages.
Short Position Consideration When to Short: If the stock fails to sustain above $175 and breaks below the Ichimoku Cloud support around $172, consider shorting with a target of $165 and a stop-loss at $177. This scenario would be driven by a broader market downturn or negative company-specific news.
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