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TMUS dropped 9.6% amid poor market breadth; avoid buying the dip as a bottom is uncertain.
This is T-Mobile. Look at this. It dropped by a large margin this morning. This is a weekly chart. No, it's a daily chart. Oh my God, that's a very sharp drop . It fell by 9.6% today.
Guinness's strength has dropped to 17. This means that 83% of stocks are performing better than T- Mobile. Bad, extremely bad, as I would call it. Don't run trying to catch the bottom of this stock.
There may not even be a bottom . I think there might be a bottom, perhaps when these three companies merge. Who knows? Because they will have to do something, as I believe they have a strong competitor. Don't bet against Elon Musk.