Sagar Nandi
T-Mobile US is breaking below Memory trendline support.

$TMUS.

All the snapshots are taken around (EST): 10:30 AM.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

1) Overvalued.

2) Daily breaking below Memory support.

3) Weekly Backdrop candle color is bearish. However, it has Memory support nearby. If you are considering shorting, you may be watchful of that.

Its industry is neither strong or weak. 
tmus funda 2019-05-08_10-32-17.jpg
tmus chart 2019-05-08_10-30-08.jpg    
1
Sagar Nandi
The overall market is down today on 9th May in the morning session.

1) As of 10 AM EST, though the market is down, TMUS is slightly up.

2) The weekly is near the Memory support that I mentioned of in the initial post.

3) Daily opened with a gap down but recovered.

As the weekly is near support, I exited my short position at breakeven. 

tmus followup 2019-05-09_10-08-41.png 
tmus trades 2019-05-09_10-12-18.png 
0

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

CUE Elite
CUE Global & CUE Finder
CUE Edge, Vital, Index
Metastock Software (One-Time)
Metastock Data/Subscription
Data Region