Sunday Prep 10/10 - $TMUS Could Bounce Back to $125s

10 באוק׳ 2021

Now I realize that the difference between this idea and the PAGS idea is night and day. But I still like the extension down away from the 20d as well as the fact that this move down has pushed us right into the monthly 20sma. We also have the February lows looming just below that as well. I really wouldn’t be surprised to see this get a bounce back up into the 125 area. I would like to either get a flat-ish open or a slight gap up Monday morning so that I can buy a flush with risk under Friday’s lows. If we gap down then I would be looking to scoop an emotional flush down into that 115-116 area where you have February’s lows and the monthly pivot.