(Bloomberg) T-Mobile Emerges as Hedge Fund Favorite With Stock on a Tear

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Is it too late? How much strength is still left? Back to the wise advice "Trust, but verify."

What do Heikin-Ashi trend charts say?

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T-Mobile (TMUS) daily

Positive and negative trend elements for the short-term:

(+)

  1. No high-volume selling. The push came in late July with a huge Heikin-Ashi volume::price candle. Positive.
  2. Higher highs, higher lows.

(-)

  1. N/A.

Heikin-Ashi candle-volume charts show the price internals

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T-Mobile (TMUS) weekly

Positive and negative trend elements for the medium-term:

(+)

  1. Heikin-Ashi candles are white, above MA7, with a positive slope.
  2. The close is 13.97% above the trailing-stop.
  3. Higher highs, higher lows since February 2022.

(-)

  1. haDelta turns below its short average.
  2. The Slope indicator is above recent levels where momentum weakened.
  3. haOscillator is high @87.

The combination Slope indicator :: haDelta is a more reliable indication for trend reversals

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T-Mobile (TMUS) monthly

Positive and negative trend elements for the long-term:

(+)

  1. Heikin-Ashi candles are white, above  MA7, with a positive slope.
  2. The close is 25.81% above the trailing-stop.
  3. haDelta turns above its short average.
  4. The cup pattern in an uptrend suggests a price target of ~200 (resistance + the depth of the cup).

(-)

  1. Obvious resistance @150. Limited upside in the short-term.
  2. The Slope indicator has a high value.

(!)

  1. haOscillator is @88/100.

A price target of $200 for T-Mobile

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SP-500 Index daily

Note: haDelta pointed to weakness 3 days before the top.

Positive and negative trend elements for the short-term:

(+)

  1. The last Heikin-Ashi candle turned red, below MA7, still with a positive slope.
  2. Higher highs, higher lows.
  3. The close is 2.51% above the trailing-stop.

(-)

  1. haDelta average is negative.

haDelta points often to trend weakness and reversals

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SP-500 Index weekly

Positive and negative trend elements for the short-term:

(+)

  1. White Heikin-Ashi candles, above MA7, with a positive slope.
  2. Above recent June high.
  3. The close is 11.67% above the trailing-stop.

(-)

  1. Negative congruence Slope indicator :: haDelta :: haDelta average. Higher probability for a top here.
  2. haDelta average is below its average.
  3. haOscillator is @97 (high).

A multiple bearish signal for the market

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SP-500 Index monthly

Positive and negative trend elements for the long-term:

(+)

  1. haDelta is above its average.
  2. The Slope indicator bounced from the 2020 support.
  3. haOscillator is bullish.

(-)

  1. The close is 9.41% below the trailing-stop.

(!)

  1. White Heikin-Ashi candle, but below MA7, with a negative slope.

First signs of a market reversal

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The Takeaway

T-Mobile takes a short-term pause. The long-term picture points to a theoretical price target of $200.

The market made a top here. Long-term, it looks good.

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