T-Mobile US may fall to 164.80 - 167.10

Our pivot point stands at 179.5.

Our preference

Target 167.1.

Alternative scenario

Above 179.5, look for 183.4 and 185.7.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (179.211) but above its 50 day moving average (175.4672).

Supports and resistances

185.7 **

183.4 *

179.5 **

178.1

175.53 (USD-last)

169.3

167.1 **

164.8 *

162.7 **

Number of asterisks represents the strength of support and resistance levels.