T-Mobile (TMUS): It's NOT Finished Moving UP!
SUMMARY
T-Mobile (TMUS), the buyer of SPRINT isn't about to tank anytime soon. The chart below shows repeats of varying pattterns; all within a larger CUP formation. It's often good to practice identifying as may patterns possible using a blank chart with only price bars. Remember, practice makes near perfect! The repeat sequence of patterns for the wedges (blue) and flags (white) is obviously a personlity feature of TMUS. So, usually, the acuirer's price needs some consolidation; coule that period be over?
Here is a more detailed label of patterns. Note the classic double bottom (blue) as well as the Inverted H&S (yellow) and how these all jive well with the Elliott Wave ABC corrections as well as the ongoing impulse motive (blue). I believe when there are multiple bull flags; basically one of the that best symmetrically fits becomes the handle. IF wave 3 is complete and 4 is almost; then a multiyear upswing for wave 5 is quite likely. The MACD also seem sto concur!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
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Hype it ul
I hope with this merger T-mobile keeps the same service and usability functions. Sprint is crappy. You can't be on a phone call and search the web at the same time with Sprint. SMH.
I think that we should wait for a pull-back. After all, Tmobile is merging with a company with loads of debt, far more debt than AT&T, T Mobile and Verizon. When the debt is due, T Mobile better be able to pay the piper or we will see a massive drop in their stock price.
good job!
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